There are several reasons why home health agencies may consider outsourcing coding and OASIS (Outcome and Assessment Information Set) reviews. Here are some of the main reasons:
- Expertise and Experience: Outsourcing these services to a specialized agency allows home health agencies to benefit from the expertise and experience of professionals who have the necessary skills and knowledge to ensure accurate coding and OASIS reviews. They are trained in the latest industry standards and regulations and can ensure compliance with Medicare and Medicaid regulations.
- Efficiency: Outsourcing the coding and OASIS reviews allows home health agencies to streamline their operations and focus on their core business activities. It saves time and resources by delegating these time-consuming tasks to experts, freeing up internal resources to focus on other essential activities.
- Cost Savings: Outsourcing these services can often be more cost-effective than hiring and training staff internally. The outsourced agency can provide flexible staffing models, which enables home health agencies to access coding and OASIS review services as needed, without incurring additional labor costs.
- Improved Quality: Outsourcing these services can significantly improve the quality of coding and OASIS review processes. Specialized agencies are better equipped to identify errors and inconsistencies, which can ultimately improve compliance, reimbursement, and overall performance.
- Reduced Risk: Outsourced coding and OASIS review services can help reduce the risk of non-compliance by providing expert knowledge and experience to ensure compliance with regulations. This reduces the risks of penalties, fines, and negative impact on the overall reputation of the agency.
Overall, outsourcing coding and OASIS review services can provide numerous benefits for home health agencies by improving accuracy, efficiency, quality, and compliance while reducing costs and risks.