Computer Assisted Professional Coding is Helping St. Joseph ’ s Be More Resilient

The team at St. Joseph’s Health in NJ implemented computer assisted professional coding (CAPC) to streamline their revenue cycle management processes. The resulting improvements are helping the organization be more resilient in these challenging times. Dr. Beth Kushner, Chief Medical Information Officer at St. Joseph’s, recently sat down with Healthcare IT Today to discuss the revenue cycle management (RCM) improvements her team has made. Efficient RCM Processes are Critical Dr. Kushner has a passion for RCM. She strongly believes that having efficient RCM processes are critical in these tight economic times or as she calls it “a time of price compression”. What Dr. Kushner is referring to is the margin pressure that healthcare organizations are facing due to increased labor and other operating costs. Reimbursement rates have remained relatively constant over the past several years, yet in that same time span, staffing costs has skyrocketed. Implementing technology to minimize the demand for labor is one the best strategies to be more financially robust and resilient. “If you inject technology in a smart way, you can have better outcomes and more efficiency while spending fewer dollars,” said Dr. Kushner. “You can then re-inject that money where you need it, like removing menial tasks, which again improves your efficiency.” Computer Assisted Professional Coding One of the tasks that Dr. Kushner and her team looked to eliminate at St. Joseph’s, was clin...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: AI/Machine Learning C-Suite Leadership Health IT Company Healthcare IT HIM Hospital - Health System Revenue Cycle Management AGS Health AHIMA CAC CAPC clean claim rate Computer Assisted Coding computer assisted professional codin Source Type: blogs