Client Results: Revealing $50M in Lost Revenue Through Encounter Contract Analysis

Top 3 Areas of Impact

Recovered Significant Revenue

Identified and resubmitted uncaptured diagnosis codes totaling $41.1M in missed encounter revenue.

Strengthened Submission Oversight

Improved transparency and accountability between the client and vendor through enhanced management and communication.

Improved Error Detection & Prevention

Established clearer processes to identify encounter errors, correct them, and prevent future revenue leakage.

Client Overview

The client is a large Medicare advantage organization that provides regional coverage and manages large self-insured provider groups at the nation and regional levels.

Deliverables

  • Comprehensive Operational Assessment

  • Supplemental Submission Files & Error Corrections

  • Vendor Management Structure & Reporting Suite

What Drove the Engagement

Challenge

ProspHire assisted the client to identify and resubmit the uncaptured diagnosis codes valued at $41.1M. ProspHire also helped the client align on the go-forward submission management plan with the vendor and develop the necessary suite of reports to track all captured diagnosis codes from submitted to accepted and stored status as reported by CMS.

Solutions

ProspHire identified a gap in encounter error processing by analyzing the CMS Encounter Data Report Cards. An operational assessment was conducted including key findings, error volumes, and potential financial impact. ProspHire partnered with the client’s Risk Adjustment team by filling the role of their submission vendor and error correction management team. The project team managed the weekly vendor management meeting between the client’s leadership team and the vendor to drive accountability and confirm the client’s needs and questions were addressed and resolved. As operational gaps were identified, ProspHire facilitated obtaining reports, processing the reports to identify uncaptured diagnosis codes, and creating the supplemental files for submission.

Impact

ProspHire assisted the client with identifying and resubmitting uncaptured diagnosis codes valued at $41.1M. The client and vendor have agreed to collaborate on submission management and to create a long-term suite of reports to enable the client to track all captured diagnosis codes from submitted to accepted and stored status as reported by CMS.

Jaspreet Laungia

Managing Director

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