OASIS Review Importance In Billing Reimbursement
As billing reimbursements fall short and costs climb, it is very important that home health companies work as efficiently as possible. With the rollout of OASIS, it’s essential more than ever before to validate your OASIS assessments. One way to ensure proper repayment and OASIS precision are by carrying out OASIS assessment reviews.
All too frequently, outsource medical billing agencies make the blunder of not accompanying OASIS assessment reviews, or if they do organise them, they aren’t sufficiently identifying conflicts that could possibly cost them a huge compensation. By piloting thorough reviews, medical coding services can resolve inconsistencies as well as ensure accuracy before submission, reporting of quality outcomes and improving reimbursement.
What is an OASIS assessment?
The OASIS (Outcome and Assessment Information Set) represents core objects of a wide-ranging assessment considered to collect details that are linked to a healthy and functional status of home health care patients. The OASIS was established to make available the data required to measure patient risk factors and results. Accordingly, it is a key factor in performance improvement and outcome measurement.
OASIS data objects address environmental, socio-demographic, health status, support system, functional status, as well as health service use features of the patient. Details are collected at the beginning of care, 60-day check-ups, and release. During the current January 1, 2019, the OASIS data set implemented its new version known as OASIS-D.
Why is data accuracy of OASIS assessment important?
OASIS assessments are essential parts of making Medicare recognise what care is required and why it is essential. Also, it drives compensation for every chapter of care. Details are also publicly described on outsourcing medical billing services to offer caregivers and patients greater insight into the quality of care when selecting an agency.
What is the need to perform OASIS assessment reviews?
Documentation mistakes can lead to compliance with lower quality scores, issues, and unreasonable settlement. OASIS assessment reviews verify the precision of OASIS-D assessments; thus, home health agencies accurately report results and are perfectly reimbursed for their services. All papers, including the care plans, full chart, visit frequencies, physician orders, as well as clinical assessments, should be inspected for reliability and variations, should be made when required.
Should I work with outsource medical billing company to deal with my OASIS assessment reviews?
Using the services of a firm that is an expert in home health coding, then OASIS assessment reviews could be very helpful for a few causes:
1. Full OASIS reviews can regularly be finished much faster, often within two working days.
2. Home health agencies can take advantage of highly skilled experts who are proficient on the latest requirements and regulations so you can relax with the confidence that your OASIS assessment reviews and coding are in the right hands.
3. These professionals are uniquely focused on the preciseness of every episode, so you will report accurate results and are paid exactly for the medical coding services you provide.
There are various companies who offer industry-leading outsource medical billing services with detailed OASIS reviews.