Hayes Management Consulting has announced that it will provide its MDaudit software to University of South Alabama College of Medicine. By automating the administrative aspects of billing compliance auditing, MDaudit is expected to improve audit productivity, increase audit accuracy and quality, maximize revenue and provide a standardized, streamlined environment for compliance departments.
Rebekah Bailey, director of compliance and reimbursement at the University of South Alabama, said: The University of South Alabama, Health Services Foundation is excited about the enhancements and efficiencies MDaudit will bring to our compliance efforts. The automated processes of sampling, tracking and reporting will save resources and ensure all audits are scheduled and captured. The ability to score audit findings based on a weighted system will allow us to identify high-risk areas and focus resources based on the level of risk. MDaudit reports will create a product that is uniform for all providers regardless of specialty or performing auditor.
In addition, utilizing MDaudit will allow for reallocation of educational resources permitting more time for auditors and trainers to be in service areas and working directly with providers. Our experience shows this type of training not only leads to a greater understanding of coding but often identifies new billing opportunities and processes resulting in increased revenue.