Coding Errors Can Cost You Money and Potentially a Sale
Healio Orthopedics – October 2019
by Karen Zupko
As more orthopedic practices are approached for potential acquisition, our firm is engaged by buyers and sellers to evaluate the accuracy of coding and documentation, and the efficiency of the revenue cycle.
What we’re seeing in many practices is that coding and billing has gone unsupervised and unmonitored for some time. Coding staff are hired without proper skills, and training and development of these employees is minimal. This results in costly mistakes. Mistakes that can come back to haunt you if you are approached by a potential acquisition or merger partner.