|
Coding ROI Monday, August 15, 2011 Recently I was with the physician leadership team of a large practice. This group had made a real commitment to staying on top of their coding. Every physician does his or her own coding to make sure the codes accurately reflect what happened in the exam room. One of the physicians on their executive team took the lead and had immersed himself with not only general coding compliance, but also the intricacies of their specialty. He spent a lot of time educating individual physicians in the group to make sure they, as a practice, stayed both fully compliant and were maximizing the reimbursements rightfully due to them. The senior partner of the group provided the air cover, insisting that all physicians prioritize coding as something they must know and understand. Talking with this group was refreshing. They did not have an attitude of begrudgingly doing their chores, but saw this as a key to their strategic future.
Let’s just say they are strong, getting stronger, and well in control of their own destiny. The ROI they are getting from their investment in being good coders is very good. In a time of financial uncertainty, this is a pretty good place for a practice to invest. |
Tim Coan, CEO![]() Related Posts SubscribeFill out the form below to receive updates on ALN Medical Management's WhatMatters blogs & podcast series.You choose your level of contact. Would you like to be emailed weekly with updates to QuickHIT Posts, Tim's Blog, and announcements of upcoming webinars, or would you rather be emailed monthly with an overview of the months activity? Note: If you would like more frequent contact, you can follow us on Twitter @ALNmm or subscribe to the RSS feed for Tim's Blog, QuickHIT Posts, or WhatMatters Podcasts. Please be sure to add aln_medical_management@mail.vresp.com to your address book or your safe senders list.
|