CodeMastery: Unlock Your Revenue
Win the coding game. Learn coding and documentation shortcuts to maximize revenue.
- Designed by physicians, for physicians
- Co-Created by Anne Hirsch, MD and Jill Arena
- Commit a small amount of time and effort to learning how to master the coding game and make a huge impact on your bottom line.
The CodeMastery program by Health e Practices is a groundbreaking initiative designed to empower physicians with the skills necessary to master coding and documentation, ultimately maximizing revenue.
Developed by physicians, for physicians, the program aims to transform financial outcomes by ensuring clinicians are adequately compensated for the work they have already performed.
Transform your financial performance
Physicians often face challenges in ensuring that their services are fully compensated due to coding complexities. Many physicians miss out on potential revenue due to under-coding or inaccuracies in documentation, resulting in financial losses from underpayment for the services they provide.
CodeMastery was developed to address this issue, offering training to help clinicians maximize revenue by accurately reflecting the volume of their work in their coding practices.
CodeMastery is a year-long, customizable program that trains physicians to optimize their coding practices. By shifting from a compliance-driven approach to one that emphasizes “Coding for Opportunity,” the program helps clinicians capture the full value of the care they provide. Through quarterly online training sessions, physicians receive actionable feedback to optimize their coding practices and to achieve revenue maximization, while maintaining adherence to coding guidelines.
The program is structured around quarterly training sessions, where physicians and clinicians receive detailed feedback and actionable steps to improve their coding. The initial training sessions are designed to yield immediate results, with ongoing support to refine practices over time, including some 1:1 coaching.
Early Successes
Early findings demonstrate significant success across various specialties. Notably, a pain management group reported an increase of 0.417 RVUs per visit after just one hour of training. This equates to an additional $250,000 of revenue per year, a remarkable achievement that underscores the program’s effectiveness.
This measurable increase in RVU’s per visit is a key performance indicator for financial health. This is especially important as there are no additional expenses associated, so this is all additional profit for the group. The program is demonstrating immediate and sustained impact.
The program not only boosts revenue but also instills confidence in clinicians regarding their coding practices. By ensuring that their documentation accurately reflects the care provided, clinicians can expect consistent financial growth and improved reimbursement.
Clinicians in early rounds of the training reported enhanced confidence with selecting a code, and an ease around the coding exercise they had not experienced previously in their careers. C-Suite executives echoed this feedback, remarking on the increased esprit de corps and a sense of being valued for the work they’ve done for their patients.
Results
Coding Distribution changes after the first one-hour training can be observed here:
The shift to the left in the “Post Training” data highlights the changes in coding patterns, allowing groups to get credit for the work they’ve performed, and to receive additional compensation for those, as the higher codes carry a higher reimbursement rate.
Conclusion
The development of CodeMastery has been driven by a profound understanding of the financial challenges faced by physicians today. The program’s design considers the intricate balance between clinical responsibilities and the necessity for accurate coding.
The early success of the CodeMastery program signals a promising future for participating practices. With the ability to dramatically increase revenue after minimal training, CodeMastery is not just a coding program—it’s a financial game-changer for physicians. The program not only increases revenue but also boosts clinician confidence in their coding practices. By ensuring accurate documentation, physicians can secure better financial outcomes and reduce the stress associated with potential audits.
