Why is the pricing functionality important in Epic Resolute?

Why is the pricing functionality important in Epic Resolute?

• A. It allows discounts to be applied automatically
• B. It ensures accurate application of charges
• C. It tracks patient payment histories
• D. It serves as a patient communication tool

Answer: (B)

The pricing functionality in Epic Resolute is crucial because it ensures accurate application of charges for services rendered. This accuracy is vital for effective revenue cycle management, as it helps prevent billing errors that could lead to disputes or financial losses for the practice. By utilizing the pricing functionality, the system can calculate the correct costs based on various factors, such as service types, contractual agreements with payers, and any relevant pricing rules. This precision in charge capture not only enhances financial integrity but also contributes to compliance with billing regulations, ensuring that the practice bills the correct amounts for services provided to patients. Accurate charge application ultimately leads to timely and appropriate reimbursement, reinforcing the overall efficiency of the billing process.

The pricing functionality in Epic Resolute is crucial because it ensures accurate application of charges for services rendered. This accuracy is vital for effective revenue cycle management, as it helps prevent billing errors that could lead to disputes or financial losses for the practice. By utilizing the pricing functionality, the system can calculate the correct costs based on various factors, such as service types, contractual agreements with payers, and any relevant pricing rules. This precision in charge capture not only enhances financial integrity but also contributes to compliance with billing regulations, ensuring that the practice bills the correct amounts for services provided to patients. Accurate charge application ultimately leads to timely and appropriate reimbursement, reinforcing the overall efficiency of the billing process.