First, our hearts go out to all of those who have personally been impacted by COVID-19. We have all been touched by the horrible pandemic and our paths have forever changed. The health and safety of our employees, customers and partners are our top priority. Therefore, as we navigate these new and challenging times, we wanted to give an update on how we are adapting during this time of uncertainty to better serve our employees, our teams, and our partners. FairCode continues to perform in accordance with the highest standards to maintain the level of services we provide to our partners, employees, families and friends.
On the financial side, FairCode developed a plan to fight COVID in the revenue cycle. During this time of crisis, FairCodewill help bring revenue and profit, as well as increase case mix index (CMI). In the myriad of hospital vendors, FairCodestands out for its response to COVID-19. FairCode can generate new DRG revenue from a retrospective review from the claims filed over the prior year. FairCode utilizes 100% physician review of patient charts (in real time) and can be deployed in as little as two weeks. Implementation of FairCode services is quick and efficient as there are no startup costs and no heavy IT lift. From clinical validation and chart reviews to payor denial defense, FairCode’s physicians and data scientists become an integral part of a hospital’s coding team.
During the global response to address COVID 19, FairCode recognizes that our top priority must be the health of our employees, partners, neighbors and communities. FairCode combines the domain expertise of experienced physicianswith modern data science and analytics technologies to increase hospital revenue. FairCode bridges the gap between a hospital’s attending physicians and hospital coders. The result? Patient acuity and Case Mix Index are more accurately captured with the correct DRG, and hospital reimbursements adjust accordingly. DRG Validation and physician conducted medical chart reviews happen in real time, significantly impacting hospital quality rankings, case mix index (CMI) and bottom-line results. From clinical validation and chart reviews to payor denial defense, FairCode’s physicians and data scientists are part of a hospital’s coding team. Add FairCode to your existing CDI initiatives and see the difference. Outcomes are measurable and significant. FairCode averages greater than 4:1 Gross Return on Investment.