Case Study: a multi-hospital, multi-specialty physician practice eliminates missed charges and adds $2.16 million with Ingenious Med

A 450-physician practice eliminates 100% of missing charges and adds $2.16M with Ingenious Med

A multi-hospital, multi-specialty physician practice with 450 physicians struggled with the common industry challenge of missing charges and uncollected revenue for services provided. To address this, they implemented the Charge-Note Reconciliation (CNR) capability from vendor Ingenious Med.

By using Ingenious Med's CNR feature, the practice gained complete visibility into missed charges, allowing them to identify and resolve them. This solution enabled them to find an average of 5 missed charges per physician each month. As a result, the practice completely eliminated all missing charges, collecting an additional $4,800 per physician annually for a total revenue increase of $2.16 million per year.