As a physician, you put in long hours and make sacrifices to provide top-quality care to your patients. But what if you’re not being fully compensated for all that hard work? Studies show that up to 80% of physicians don’t get paid for every hour worked. That’s a staggering statistic that should give you pause.
One of the biggest contributors to this lack of compensation is missed billing for charges, particularly in a hospital setting. The process of charge capture is a paper-intensive practice that is often overlooked or neglected, leading to missed charges and lost revenue.
Outdated Charge Capture Practices
With the advent of electronic health records (EHRs), you would think that charge capture would be a breeze. But even with computerized systems, many physicians still struggle to complete visit notes in a timely manner. And in hospital settings, charge capture often takes place outside of the EHR, leading to a maze of paper methods and missed charges. Home-built computer solutions can be woefully inefficient and may not even be compliant with HIPAA regulations.
It’s not just frustrating – it’s also costly. Estimates suggest that up to 12% of charges are missed, leading to a significant loss of revenue. You’ve already done the work, so why not make sure you get paid for it?
The Solution: HybridChart’s EVOLVE Suite
At HybridChart, we understand the challenges that come with modernizing processes in the medical field. That’s why we developed the EVOLVE suite of mobile charge capture software – to streamline the process, improve your quality of life, and boost your bottom line.
Our cloud-based software is designed to adapt to your practice’s unique workflow and offers a range of features to help you improve your profitability and patient outcomes. From charge capture and census management to secure messaging, discharge planning, and data analytics, we’ve got you covered.
Say goodbye to missed charges and hello to getting paid for the work you do! If you’re ready to take your medical practice to the next level, visit our website at www.hybridchart.com, call us at 877-977-5544, or schedule a demo today!