AnnexMed - Medical billing and Revenue cycle management companyAnnexMed - Medical billing and Revenue cycle management companyAnnexMed - Medical billing and Revenue cycle management company
1-866-780-0669
9am - 8pm (EST)
New Jersey, USA

Charge Capture

Enhance charge capture integrity and accuracy,
lower processing costs, and accelerate cash flow
WE GIVE THE BEST SERVICES

Increase your Claim First-Pass Rate

Failure to document care information effectively can lead to revenue leakage, which can cost you millions of dollars. Charge capture is the process of assigning a monetary value to a patient account based on the medical codes selected and the associated fee schedule. Charge Capture must be error-free, as errors may lead to claim denials.  Our Workflow solutions help reduce instances of lost revenue while implementing effective charge capture.

Our charge entry specialists handle a large volume of charge entry transactions with exceptional accuracy. We provide excellent coordination between the coding and charge entry teams, promoting long-term improvement in the overall process while also increasing efficiency, thanks to our expertise in multiple specialties and RCM Platforms. AnnexMed’s services facilitate smooth communication among our teams, resulting in a seamless end-to-end process.

Charge Capture capabilities include:

Multispecialty Billing
& Collections

Well versed
RCM Platforms

Physician
Education

Certified Billing
Professionals

Service Highlights
  • Superbills, charge tickets via EHR, FTP, or DMS
  • Patient demo, claim service details entry, etc
  • Daily reports provided to customers as needed
  • Charges review for accuracy before claim billing
  • SQC is performed to evaluate the process quality
  • Charge audit – missing charges, overbilling, etc
Benefits
  • Improve productivity and accuracy
  • Competency across multiple specialties
  • Timely filing of claims, tracking denials, etc
  • Charge entry review to optimize revenue
  • Fix compliance issues for charge overages
  • Real-time collaboration and reporting

Achieve Measurable, Proven Results

Costs Reduced

upto

45%
Reduced operational costs
DNFB Reduced

upto

32%

Reduction in DNFB accounts

Improve Productivity

upto

72%
Productivity improvement
Reduction in AR

upto

36%

Reduction in aged A/R
Improved Collections

upto

98%

Achieve net collections
Reduce Denials

upto

72%

Decrease in denial rate

17 +
Years of Experience
40 +
Specialties Served
value customers users viewer
99.1 %
Client Retention

Ready to talk?

Learn how we transform the revenue cycle with solutions that streamline the patient experience and improve financial performance.