What’s inside:
Managing medical billing codes can be overwhelming, with challenges like coding errors, claim denials, and evolving regulations disrupting revenue cycles.
This article dives into six common issues and shows how Snap&Go—a groundbreaking AI-powered solution—streamlines charge capture, ensures data integrity, and maximizes financial recovery for high-cost implants in perioperative settings.
Medical billing codes are the backbone of revenue cycle management, but let’s face it—they come with their fair share of headaches. From coding errors and claim denials to the increasing complexity of healthcare systems, these issues often lead to costly disruptions and inefficiencies.
While medical billing codes encompass a wide range of challenges, at IDENTI Medical, we focus on what we do best: simplifying the billing process for high-cost implants in perioperative environments. To tackle these challenges head-on, we developed Snap&Go, a smart AI-powered camera solution driven by cutting-edge computer vision technology. Designed to streamline medical billing, Snap&Go transforms how healthcare organizations manage medical billing codes and ensures operational excellence.
Key Challenges in Medical Billing Codes and How Snap&Go Solves Them:
1. Eliminate Coding Errors and Charge Capture Inaccuracies
Manual processes for tracking implants and assigning medical billing codes often lead to errors caused by inaccurate charge capture or incomplete documentation. These mistakes can result in underbilling, revenue loss, or compliance risks.
How Snap&Go Helps: Say Goodbye to Manual Mistakes
Snap&Go leverages advanced AI to automatically capture and categorize implant data in real time. It combines itemized logistic data with the correct CPT, DRG, and revenue codes, validates the information, and seamlessly integrates it into the hospital billing system as a single verified record.
2. Visual Proof-of-use to Reduce Claim Denials and Rejections
Claim denials cost healthcare providers an average of $118 to $136 per denial, with 9% of hospital claims initially rejected. Issues like trailing claims and insufficient documentation during implant audits further exacerbate revenue loss.
How Snap&Go Helps: Prevent Revenue Loss with Real-Time Proof
Snap&Go ensures every implant is accounted for by capturing real-time usage data and attaching a PDF proof of use to each claim. This eliminates errors, prevents audit-related revenue loss, and streamlines the reimbursement process, significantly reducing the administrative burden associated with resubmissions.
3. AI Automation Ensures Hospitals Stay Ahead of Evolving Regulations
Keeping up with frequent updates to CPT, DRG, and revenue codes is an ongoing challenge for healthcare organizations. According to the latest reports, external payer audits have quadrupled in volume, increasing scrutiny and financial risks.
How Snap&Go Helps: Compliance Made Effortless
Snap&Go stays aligned with the latest coding standards by automatically capturing and categorizing implant data in real time. It validates the data against updated regulations and seamlessly integrates it into hospital systems, ensuring compliance while reducing administrative complexity.
4. Eliminate Incomplete Data Integrity
Accurate billing depends on capturing 100% of the items used during a procedure and linking them to the correct medical billing codes. Missing or inconsistent data leads to gaps that negatively impact financial recovery and compliance.
How Snap&Go Helps: 100% Accuracy for Every Procedure
Snap&Go guarantees data integrity by automating the capture of all implant usage during surgery. This data is verified, connected to the appropriate codes, and pushed directly into the charge master, eliminating variability and ensuring every charge is accounted for accurately.
5. Relieve Administrative Overload
Manual documentation, coding, and claim corrections place a heavy administrative burden on staff, reducing operational efficiency and leading to staff burnout.
How Snap&Go Helps: Free Your Team for What Matters Most
By automating the charge capture process, Snap&Go eliminates repetitive manual tasks. It generates comprehensive, verified records for each procedure, freeing staff to focus on higher-value activities such as patient care and strategic decision-making.
6. Master Cost Management and Service Line Analysis
Hospitals often struggle to track the true cost of implants, which impacts their ability to negotiate better vendor contracts and optimize budgets.
How Snap&Go Helps: Gain Full Transparency to Optimize Budgets
Snap&Go provides granular data on implant usage and procedure costs. With this transparency, hospitals can identify inefficiencies, renegotiate vendor contracts, and reduce implant costs without compromising care quality.
AI Camera: A New Standard in Revenue Cycle Management
Snap&Go isn’t just a solution—it’s a game-changer. By addressing the root causes of inefficiencies in medical billing codes, Snap&Go empowers healthcare organizations to streamline operations, ensure compliance, and optimize revenue. Its advanced AI and real-time data capture capabilities reduce errors, improve claim accuracy, and enhance financial visibility.
With Snap&Go, healthcare providers can focus on delivering exceptional patient care while maintaining financial stability. It’s not just about fixing what’s broken—it’s about setting a new standard for efficiency and innovation in the healthcare industry.
Medical billing codes no longer have to be a barrier to effective revenue cycle management. Snap&Go transforms these challenges into opportunities for operational excellence and financial success. By eliminating manual processes, ensuring accurate documentation, and aligning with the latest regulations, Snap&Go empowers healthcare providers to thrive in an ever-changing landscape.
Snap&Go is more than a tool—it’s your partner in driving success and shaping the future of healthcare.
