charge Capture

Finiti’s focus is “No Dollar Left Behind“, and we make every effort to capture all clinical services and encounters.

Charge capture is a critical component of the revenue cycle management process, which involves the timely and accurate recording of all billable services provided by healthcare providers. Charge capture ensures that healthcare organizations receive appropriate reimbursement for services rendered and helps prevent lost revenue.

Charge capture begins at the point of care, where healthcare providers document the services they provide to patients. This documentation includes information such as the patient's diagnosis, the procedures performed, and the medications prescribed. This information is then used to generate a charge, which is submitted to the healthcare organization's billing department.

Charge capture can be done manually or electronically. Manual charge capture involves healthcare providers manually documenting the services they provide on paper forms or in electronic health records (EHRs). This information is then transferred to the billing department for further processing. Electronic charge capture, on the other hand, uses technology to automate the charge capture process. This technology can include barcode scanning, speech recognition, or natural language processing.

Once charges have been captured, they are then reviewed by the billing department for accuracy and completeness. Any discrepancies or errors are corrected before the charges are submitted to the payer for reimbursement. This ensures that healthcare organizations receive appropriate reimbursement for services rendered and helps prevent lost revenue.