A Free Practice Audit is a comprehensive health check for your revenue cycle. Many practices lose 5% to 10% of their annual revenue due to hidden inefficiencies, coding errors, and unoptimized workflows. Our expert audit identifies these “revenue leaks” and provides you with a clear roadmap to financial recovery—at no cost and with no obligation.
Our team performs a deep dive into your financial data to uncover the truth behind your numbers. We focus on three critical areas:
Coding Accuracy Review: We analyze a sample of your claims to ensure you are using the most current ICD-10 and CPT codes, identifying areas where you are under-coding (losing money) or over-coding (increasing audit risk).
Denial Pattern Analysis: We don’t just look at that a claim was denied; we look at why. Our audit identifies recurring patterns in your denials to stop them at the source.
Payer Contract Assessment: We compare your actual reimbursements against your contracted rates to ensure insurance companies are paying you every cent they promised.
A/R Health Check: We evaluate your Days in Accounts Receivable (A/R) and aging buckets to determine how quickly—and successfully—you are collecting your money.
Our audit is designed to be thorough yet non-intrusive to your daily operations:
Data Collection: You provide us with 3–6 months of redacted billing reports or limited access to your Practice Management (PM) system.
Expert Analysis: Our certified medical billers and coders scrutinize your data, looking for bottlenecks and compliance gaps.
Comprehensive Report: We generate a detailed “Financial Health Report” that highlights your strengths and weaknesses.
Actionable Consultation: We meet with you for a 15-minute review to explain our findings and provide specific steps to increase your collections immediately.
“You can’t manage what you don’t measure.” Most practices discover at least three major areas for improvement during our audit. Whether it’s unfiled secondary claims or outdated fee schedules, we find the money you didn’t know was missing.
