Page 4 - Offshore BPO Coding Case Study.indd

Medicare and Medicaid formulas will continue to be more stringent, especially once sustainable growth rate payment formulas take effect.
The margin for error in terms of both compliance and cost is growing thinner. Internal spot audits carried out by Canopy’s in-house coders revealed 99.4% accuracy on ICD-9 and CPT coding with Infinx.
Conclusion
In an era where cost containment as well as rules and regulations are equally vital to performance, healthcare providers need partners that have analyzed all angles and made verifiable conclusions. Canopy Partners offers clients a secure, cost effective, compliant offshore cod- ing solution.
Return on Investment - Switching to offshore coding saved Canopy $136,000 over one year with improved TAT and accuracy.
Cost Containment - The partnership with Infinx reduces the number of in-house coders needed to serve clients, lowers inaccurate coding incidents, and brings TAT into a competitive 24-hour range.
Reducing Barriers - Inaccurate coding and excessive personnel costs alone can push costs up for providers. According to the AMA’s Nation- al Health Insurer Report Card, medical claims miscoding and process- ing errors cost the American health system $1.5 billion annually.
Canopy’s ability to work with Infinx inside the Merge Financials system saves time and money as well as makes regular audits feasible. Call Canopy Partners at 336-274-9617 for a consultation to determine if offshore coding will save you money and improve compliance accura- cy and TAT.
IN ONE YEAR, A BPO HELPED CANOPY PARTNERS REALIZE A NINE-CENT SAVINGS PER REPORT.
ABOUT CANOPY PARTNERS
Canopy Partners is a privately held healthcare technology company based in Greensboro, NC. Our passion is elevating the role of medical imaging in the healthcare value chain. We create flexible, customer-driven business solutions that improve our clientís productivity, profitability, and patient care. We specialize in healthcare billing, business analytics, information technology, and management consulting services.
Founded in 2011, Canopy Partners experienced rapid growth. Our revenues and employees doubled over three years. The company has been recog- nized as one of the “Top Places to Work” in North Carolina’s Triad region for three consecutive years, winning first place in the small business category twice.
Our clients include hospitals, imaging centers, and physician practices across the US. Learn more about how Canopy elevates medical imaging in the healthcare value chain at www.canopy-partners.com
1331 N. Elm Street, Suite 200 | Greensboro, NC 27401 | 336-274-9617 | canopy-partners.com 4