How We Help Hospitals Thrive
As healthcare evolves to value-based care, the average hospital revenue cycle is losing roughly $22 million due to missed revenue capture. An October 2018 survey of more than 100 leaders in finance, revenue cycle, reimbursement and health information management (HIM) departments at hospitals and acute-care facilities uncovered that 84% of respondents believed clinical documentation and coding presented medium-to-high revenue cycle risk for their organizations. Hospital finance leaders were the most adamant with nearly half choosing clinical documentation and coding as their greatest revenue cycle vulnerability.
At Paramount Health Solutions, our highly experienced team of physicians and coding auditors work together with the hospital physicians and staff to improve CDI and coding, improve compliance, increase revenue, and reduce payer denials.