SOURCE: MedSafe

MedSafe

December 17, 2015 17:59 ET

MedSafe Audit, Billing and Coding Service Recovers Lost Revenue for Physicians' Practices

WELLESLEY, MA--(Marketwired - Dec 17, 2015) - MedSafe, the leader in total healthcare compliance solutions, announces enhanced services for coding and billing audits to help identify untapped revenues, manage OIG (office of inspector general) investigations, RAC (recovery audit contractor) audits and Medicare billing complexities for healthcare practitioners. 

Through MedSafe's innate ability to navigate complex federal regulations and mitigate any potential billing/coding challenges, their team of seasoned auditors are able to relieve administrative burdens imposed by complex coding and billing regulations.

"Our aim is to not only develop better, streamlined operations but actually help increase our customers' revenues. Healthcare providers have long relied on conventional revenue cycle management practices to drive and ensure financial performance, yet most are not collecting all the revenue to which they are entitled. We can cite countless examples where our auditors and billing experts have saved thousands of dollars for the physician practices we serve and the ROI on our services tend to be very fast," says Laurie Zabel, Director of Coding and Compliance at MedSafe.

The average cost per exposed personally identifiable record due to a healthcare breach in the U.S. was $398 according to the 2015 Cost of Data Breach Study: Global Analysis. The disparity defined as the gap between the amount of revenue providers are entitled to and the amount of reimbursement eventually received, we call revenue leakage. It's a significant problem we have become experts in helping to eliminate.

MedSafe helps physician practices that have limited financial and human resources to deal with increased volumes, technological advances, and/or workflow changes. MedSafe solves a practice's and clinic's shortage of skilled workers in the areas of claims audits and security.

About MedSafe
Founded in 1991, MedSafe is the leading healthcare and compliance solutions provider; delivering accreditation, safety, and healthcare compliance to health and dental care organizations nationwide. Services include on-site assessment, development of written policies and procedures, online implementation, management tools, web-based education and ongoing training. MedSafe is dedicated to simplifying the business of healthcare by delivering best practices in compliance, tailored services and technology to physicians, dentists, and health systems. Our compliance experts are renowned for their expertise in OSHA, HIPAA, ICD-10, coding, and operational excellence to eliminate the inefficiencies in healthcare. Visit www.medsafe.com for more information.

Contact Information

  • Media Contact:
    Valerie Harding
    Ripple Effect Communications
    Tel: 617-536-8887