Charge Entry Services

Charge Entry Services

Accurate charge entry is crucial for ensuring the smooth flow of your revenue cycle management (RCM) process. At Advantawise, we understand the impact that incorrect or delayed charge entry can have on your practice’s cash flow and overall revenue. That's why we offer precise, efficient, and timely charge entry services that help healthcare providers minimize billing errors, reduce claim denials, and maximize reimbursements.

The Challenge :

For many healthcare providers, charge entry is a time-consuming and error-prone process. When charges are not entered accurately or promptly, several issues can arise

  • Undercharging or Overcharging: Incorrect charge entry can lead to financial losses, whether you’re underbilling for services rendered or overbilling patients.
  • Delayed Reimbursement: Any delay in entering charges can result in delayed claims submissions, which in turn means delayed payments, affecting your practice’s cash flow.
  • Increased Denials and Rejections: Incorrectly entered charges are a primary reason for claims being denied or rejected. This results in additional administrative effort to correct and resubmit claims.
  • Compliance Risks: Inaccurate coding or failure to follow payer-specific guidelines during charge entry can lead to compliance issues and even audits.
Our Solution :

At Advantawise, our charge entry services are designed to alleviate these challenges and streamline your billing process. Our team of experts ensures that all charges are accurately documented, entered, and verified, reducing errors and improving the efficiency of your claims submission process

  • Accurate Charge Documentation: We gather detailed information about services provided, including diagnosis codes (ICD-10), procedure codes (CPT/HCPCS), and modifiers. By documenting everything accurately, we ensure that all charges are captured correctly.
  • Efficient Data Entry: Our team enters charges into your system quickly and accurately. By focusing on both speed and precision, we reduce the time between service delivery and claim submission, ensuring timely payments.
  • Error Prevention and Validation: We utilize advanced software tools to validate the data before submission. This minimizes the chance of entry errors that could delay payments or result in denials.
  • Timely Processing: Once charges are entered, they are processed and submitted immediately, ensuring that claims are filed without delay.

The Impact of Our Charge Entry Services :

  • Minimized Errors and Denials: By ensuring that all charges are entered correctly, we reduce the risk of claim denials and the need for resubmissions. This not only saves time but also ensures that claims are paid on the first submission.
  • Faster Reimbursement: Efficient and accurate charge entry leads to faster claim submissions and quicker reimbursement, helping to improve your practice's cash flow.
  • Improved Compliance: We ensure that all charges are entered in accordance with the latest coding standards, payer-specific rules, and industry regulations, reducing the risk of audits or compliance issues.
  • Optimized Revenue Cycle: Our service streamlines the entire revenue cycle, helping you stay on top of your financial performance and improve overall revenue collection.

Additional Benefits :

  • Time-Saving: Charge entry is a critical step in the billing process, but it is also a labor-intensive task. Outsourcing this function allows your in-house team to focus on other vital aspects of your practice, like patient care.
  • Increased Profitability: Proper charge entry ensures that every service is accurately billed, maximizing revenue potential and ensuring you are reimbursed fairly for all services provided.
  • Scalability: Whether you run a small practice or a large healthcare system, our charge entry services can scale to meet your needs, providing flexibility as your business grows.