Nurses are able to focus on patient care/outcomes and Medicare compliance
The Financial Impact
It is important to track the true cost of coding to your agency. Most RN’s with the appropriate training will earn $28-35/hour with true job cost ranging from $37-$44/ hour. If these employees are coding five charts a day the cost to the agency would be approximately $64/chart. That is a significant cost considering the agency is bearing the clinical and financial risk of a w-2 employee. Utilization of Codes Correct for contracting coding generally reduces agency true cost by $20-30/episode.
Auditors who are coding certified will review history and physical of the patient as well as pertinent OASIS questions and the medication profile. The OASIS will be coded with a primary diagnosis and then correctly sequenced with other co-morbidities impacting the Plan of Treatment for the patient.