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TheSouthShoreMagazine.com 23 a huge potential for organizations that use it. "In their quest to better understand the health of our nation and where scarce resources can be better allocated to reduce disease burden, the government is asking a lot of doctors. Their goal is to improve data accuracy, which means it has to now be done at the time of service. SmartCode is a very valuable tool with built in logic so that diagnostic coding is fast, intuitive, and easy to use. It prompts the provider to code correctly and in its entirety so it is done correctly the first time." Healthcare Business and Technology (www.healthcarebusinesstech. com) estimates that doctors in the U.S. leave approximately $125 billion on the table each year due to poor billing practices. When new regulations or mandates are made, dollars can be lost by not keeping up to date. They report that the most common factor contributing to a loss in profits are billing errors. Since insurance companies are very strict on how a claim is filed, any error will cause a delay in payment, which becomes costly in terms of the time and effort it takes to fix them. To illustrate just what's at stake, consider the potential loss of revenue from a recent change to Medicare reimbursements. As a way to reduce the costs associated with hospitalizations and readmissions, Medicare now offers payment to physicians for the transitional time they spend on non-face to face care (follow up phone calls, email consultations, etc.) provided after a patient is discharge from the hospital. Since a logical diagnosis must be used to support a transitional procedure, it is imperative that the coding is done correctly the first time to capitalize on this incentive. This is one example where a software solution like SmartCode can make a real difference. The future is bright for SmartCode. With plans underway to create a smartphone application, providers will have easy access wherever they go. For a free one-month trial or to talk to a representative in more detail about the product, contact SmartCode by phone or email. 142 Quincy Shore Drive Suite 152 Quincy, MA 02171 617-431-6644 info@mysmartcode.com www.mysmartcode.com