White Paper
Revenue Integrity- Taking an integrated, data-driven approach to charge capture
© 2022 Waystar. All rights reserved. Taking an integrated, data-driven approach to charge capture SEE YOUR REV CYCLE DIFFERENTLY2 EXECUTIVE SUMMARY Charge capture leakage costs hospitals millions each year—as much as 1% of potential revenue. 1 It’s a problem that’s plagued our health system for decades and one that’s only magnified by decreased reimbursement, slim margins and a changing regulatory landscape. By moving away from manual workflows and toward comprehensive, data- driven charge capture, revenue cycle teams can prevent charge leakage and compliance issues. In fact, hospitals and health systems who have done so have increased net collections by 68% and reduced compliance risks by 61%. 2 In this white paper, we’ll explore common causes of missed charges and how tech