The Hidden Cost of Doing Nothing: 3 Ways You Pay For Fixed Cost Coding
Pandemic-fueled volume losses mean that hospitals can no longer afford to lose a single dollar of earned revenue. Revenue cycle leaders need to identify exactly where leakage occurs to stop it before it starts.
According to a recent KLAS report, healthcare providers are motivated now more than ever to capture economies of scale by outsourcing certain functions. Medical coding is a popular function for revenue cycle outsourcing, but not without ambiguity. Outsourced coding staffing models, cost equations and cost per unit are scrutinized yet unclear, making it difficult for revenue cycle leaders to see true cost savings in outsourced coding.
This ebook explores three hidden ways healthcare providers pay more for fixed cost coding and uncovers an alternative revenue cycle model—variable cost coding.