At a large, academic health system with a fully functioning CDI team, CareAlign increased billing by $480 per admission through improved CMI – translating to millions in additional revenue.
Let’s break down the math behind that increase:
12 months pre-CareAlign: CMI = 1.35
12 months post-CareAlign: CMI= 1.41
Using the CMS base multiplier of $8,000, that .06 increase in CMI translates to $480 billing increase per admission.
Here’s a closer look at how CareAlign helps hospitals better capitalize on revenue opportunities by reducing paperwork and increasing CMI:
Streamline Documentation and Reduce Errors. CareAlign stays with clinicians throughout their entire shifts, providing one place to document care. By the end of their shifts, clinicians have accurate, minute-to-minute documentation at their fingertips. It eliminates the redundant, error-prone work of relying on memory and transcribing patient care notes multiple times in multiple places.
Standardize Clinician Notes with Best Practice Bundles. With best practice bundles incorporated in the app, CareAlign brings decision support to the point of care. These bundles not only help clinicians provide safe, effective patient care in line with evidence-based guidelines, they also recommend appropriate documentation.
Reduce Time to Billing. Earlier chart completion equates to faster payment, minimizing the time between patient discharge and billing.
Help CDI Teams Work Smarter and Faster. It’s true that hospitals with a CDI team in place are already optimizing billing. But CDI specialists can only question and optimize the documentation that makes it into the EHR. Because CareAlign helps providers capture more clinical notes and standardizes the way they write them, your CDI team has much better quality documentation to work with – and fewer physician queries to wait for.
CareAlign users report the following additional benefits:
- 75% of users report errors prevented in their practice
- 80% of users report improved efficiency
- 81% of users report earlier decision-making