Physician groups across the country are paying more attention to the amount of charges that might be missed, and the amount of potential revenue loss is astounding. A larger group practice can lose up to $270,000 in a year from missed charges through the paper trail method of tracking patient encounters. Even the most organized physician isn’t immune to this loss of revenue. To err through the paper trail of charge sheets, notecards, and napkins is inevitable. To implement a proper care coordination system is the solution.
Productivity is measured in many ways, but none better than Relative Value Units. With reimbursements for both practices and physicians intertwined with the amount of RVUs produced, many practices are beginning to recognize the issues among paper charts and note cards. The need for streamlined and detail reporting of physician productivity is still in dire need. We all know at least one physician who trekked a note card with procedure information all the way to their family vacation spot. maxRVU cuts out the issue completely with mobile patient tracking and charge capture.
From how frequently a biller is submitting claims - to a breakdown of patient encounters per physician, maxRVU Charge Capture provides easy access to numerous reports that are quintessential in maintaining an efficient group practice. Reports are available on the Administrative account to overview physicians, medical assistants, and billers. Each provider under the account has access to view these reports to track their own productivity as well.
We bet your biller has something to say about the difficulties in receiving charges from you and your colleagues, and we also bet you’re missing 3-5% of reimbursable charges with the current paper trail method. Have you thought about trying maxRVU Charge Capture completely risk-free for a full 15 days?
Advanced Care Providers
We have much appreciation for our mid-level providers. You are frequently the first responder to call a concerned patient. When attending physicians are busy with surgery, you check on the patients whether it’s at the bedside or in the office. You are right by our side throughout recovery, and often create such a close bond that every milestone brings joy to your heart (and sometimes a tear to the eye.)
Ensure that your hard work is known by tracking each patient encounter, guaranteeing that you and your group are reimbursed accordingly. Even a 5-minute check up in the hospital has an insurance claim to process at the end of it. Regardless if you are a Physician Assistant or the Nurse Practitioner that works alongside the surgeon, you have your own procedure codes to track that probably aren’t on the charge sheet the hospital hands out.
Mobile care coordination is the way to go, and maxRVU has your back. Enter your own patient encounters directly into maxRVU Charge Capture, and the biller is instantly able to view and process insurance claims. Even when you’re not working alongside a physician, maxRVU gives you 24/7 access to discuss patients, procedures, and what sounds good for lunch – all through our HIPAA compliant secure texting feature.
You have everything to gain and nothing to lose with maxRVU Charge Capture. The trial is risk-free (with no credit card required) so sign up today and experience the time-saving power of maxRVU.
75% of physicians in our 2015 Health Care Professional Survey would have preferred more training on the Business of Medicine during their residency.
The most important aspect of training is learning how to properly care for your patients, but what happens when you complete training and you’re off in the real world of medicine? There’s a lot of things they don’t teach you, like how medical billing works, how you will be compensated, and how to track that compensation.
maxRVU Charge Capture helps physicians track patient encounters at point-of-care. This is a pretty easy concept to understand, but what’s so special about our charge capture solution is that maxRVU supports Residents as well. You can learn proper coding techniques that go right along with your specialty, while attending physicians review the codes you submit before they’re handed off to the billing department.
CPT codes will no longer be a mysterious string of numbers, but instead a well-known code describing what procedures and consultation levels you performed. Better yet, you’ll track the Relative Value Units associated with the codes to get an idea of what your reimbursements would look like. maxRVU is the go-to Residency patient encounter platform for University Hospitals, so why not try out our free 15-day trial now?