Outsourcing Medical Chart Auditing Services

The Value of Outsourcing Medical Chart Auditing and Coding Audits

Managing the business components involved in Medical Chart Auditing and Coding Audits can often be both time-consuming and challenging for healthcare organizations. As a result, many facilities consider outsourcing these functions as a strategic option. Outsourcing provides several distinct advantages that make it a viable solution for managing non-medical services within the healthcare industry.

Why Outsource Medical Chart Auditing and Coding?

Cost Savings

One of the primary reasons healthcare organizations choose to outsource medical chart auditing and coding is to reduce costs. By relying on external providers, hospitals and medical practices can avoid the expenses associated with managing, recruiting, training, and scheduling an internal coding department. These cost reductions can have a significant positive impact on the organization’s bottom line.

Access to Specialists

Providing in-house medical chart auditing and coding requires hiring experienced nurse auditors and certified coding specialists. The process of finding, hiring, and retaining qualified staff is both time-consuming and expensive. Outsourcing allows healthcare facilities to benefit from the expertise of specialists without incurring the overhead costs associated with full-time employees.

Enhanced Focus on Patient Care

By outsourcing nurse auditing and coding services to professional third-party providers, medical practices can redirect their attention to improving patient care and satisfaction. With these administrative tasks handled externally, in-house staff can achieve higher productivity and contribute more directly to increased revenue.

Revenue Cycle Management and Organizational Benefits

While delivering high-quality care remains the top priority for hospitals and physician practices, effective revenue cycle management is also essential for the success of these organizations. Facilities that opt to outsource—especially in response to shortages of qualified nurse auditors and medical coders—often find that they gain greater control over their revenue cycle and experience increased revenue collection as an added benefit.

Applicability Across Healthcare Organizations

Outsourcing medical chart auditing and coding services is a solution that meets the needs of a diverse range of healthcare organizations, including large hospital groups, standalone hospitals, physician groups of all sizes, Federally Qualified Health Centers (FQHCs), and other medical facilities. By outsourcing, these organizations can reduce administrative backlogs and lower operational costs, leading to improved efficiency and effectiveness.