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IMPACT Healthcare Services, Inc.
is
a healthcare consulting firm that provides billing audit and billing
compliance services to hospitals nationwide. Our dedicated and
experienced staff complements our finely tuned services. We approach
each project as a team effort, with our in-house staff, field analysts
and our clients working together to achieve common goals and objectives.
IMPACT Experience…With more than 12 years in the industry,
IMPACT offers extensive experience, a commitment to excellence, strict
adherence to billing protocol and the highest level of customer service
to each client we serve. Since inception, IMPACT has served upwards of
500 hospitals in a number of capacities, some of them for 10 years or
more. Currently, more than 40 hospitals rely on IMPACT to ensure that
they are billing properly for the services they provide every day.
IMPACT Services…From our Lost Charge Recovery and
Compliance chart reviews to Defense Audit services, IMPACT provides our
customers with a blend of compliance and reimbursement services that
meet the challenges of today’s healthcare environment.
Ø
Lost Charge Recovery and
Compliance Review
features on-site Nurse Analysts who perform daily cover-to-cover reviews
of the medical record and comparison to the preliminary bill. IMPACT
Analysts identify undercharges, overcharges and unbilled charges, and
then correct the bill prior to
dropping to the carrier.
From commercial accounts to Medicare claims, IMPACT's review program
provides an independent third party review of claims prior to billing,
meets corporate compliance guidelines and assists hospitals with
capturing additional revenue through clean and accurate billing.
Ø
Charge Capture & Compliance
Assessment is designed to assist hospitals in determining how
well their internal charge capture program is working. One of IMPACT’s
Corporate Nurse Auditors spends 1 to 2 weeks at the hospital reviewing a
statistically significant sample of bills from a designated time period,
then provides a written report on any issues or problems with the bills,
as well as recommendations on how to solve the problems. Equally
important, we will tell you if you are
not experiencing billing compliance problems. This service can be
done anywhere from once per year, to quarterly, depending on the issues
facing your facility.
Ø
Defense Audit Services
further
complement our programs, by assisting hospitals whenever a commercial
payor requests an audit of a patient bill. IMPACT’s Defense Auditors
are some of the best in the business, having the expertise to ensure
that our clients are treated fairly by the payor, receive proper
reimbursement on these accounts and avoid costly refunds that may be
unnecessary. We perform a thorough review of the bill in question and
then act on behalf of the hospital in all communications with the
insurance company’s auditor until the bill is resolved.
IMPACT
results…Over
the last 12 years, the benefits of IMPACT’s charge capture services
are realized in bottom-line results to the hospital. Last year alone,
IMPACT analysts reviewed
almost 100,000 charts totaling over $400 million in total charges. We
identified an average of $326 per patient in additional
revenue on nearly half of the bills reviewed, and we prevented
overcharges of approximately $150 per patient.
IMPACT
benefits…Hospitals
who work with IMPACT on improving their charge capture efforts will
enjoy these benefits and more:
Ø
A
Return on Investment of 100 to 150%, and more in some cases;
Ø
Assistance
in determining the cause of the errors and developing plans to prevent
recurrence of errors;
Ø
Reduced
bill rejections, increased cash flow, fewer insurance audits and
refunds, and reduced days in Accounts Receivable.
IMPACT commitment…
At
IMPACT, we believe that our experience and knowledge of the many facets
of billing practice and review makes us a leader in the industry. We are
committed to providing the highest quality services and strive to go
above and beyond the expectations of each client. Our staff is
rigorously screened, trained and monitored to ensure the level of
quality you deserve. From our corporate staff you can expect reports
that tell you what you need to know, dedicated, ongoing customer
support, and a commitment to excellence.
From
our Charge Capture Programs to Defense Audit, IMPACT brings to the
forefront valuable insight into common pitfalls and strong
solutions to the billing issues faced by hospitals today. |