Charge entry is the process by which you enter valid medical billing information and assign diagnostic codes, procedural codes, and modifiers before submitting a vision plan or health insurance claim. Attention to detail and accurate data entry is critical to enabling your practice to collect maximum reimbursement, reduce payment denials, and increase profitability.
A single mistake can result in a claim being rejected, resulting in thousands of dollars in lost sales. Failure to make a medical claim can also create conflict or damage your patient-care provider relationship. So, use proper software for the medical billing process. You can also visit snf-solutions.com/services/billing/ for skilled nursing billing.
Charge entry is one of the most important steps in the medical billing cycle-it’s where the claims are created. A complete revenue cycle management (RCM) solution that includes an efficient charge entry process eliminates worrying about entering error-free patient demographics before you file vision plans and medical insurance claims.
Don’t delay entering charges during the charge entry process; post charges the same day you provide the services to the patient. The longer you wait to post charges, the longer it takes to file a medical claim or bill the patient.
For instance, if your biller who is posting the charges overlooks a charge marked on an encounter form, or the doctor forgets to indicate all the charges on the encounter, this will cause future problems with your medical billing.