Charge Capture
What is a charge capture?
Charge capture is a process in which healthcare providers convert claim codes from patient services into charges to make money. It is critical that healthcare organizations charge the exact code, as under-coding charges lead to revenue leakage, and over-coding charges are non-compliant and lead to expensive audits. Charge lag and missing charges are two difficulties associated with accurate charge capture.
Healthcare providers utilize EHR systems for charge capture.
The Centers for Medicare and Medicaid Services (CMS) audits charge capture to confirm entities pay charges.
Why are charge captures important to healthcare?
Charge capture is important because healthcare organizations’ financial health depends on complete and precise charges. Effective charge capture also lets healthcare organizations avoid reimbursement delays and revenue loss. For healthcare providers, charge capture can optimize workflows.