Is it cost-effective to use the EDITS Chart program?
Unequivocally yes. A recent study demonstrated that use of a templated ED record increased charge capture based on physician documentation by $62 when ED records were coded by EM coding specialists. Using the prototype of the EDITS Scan chart, a net increase in charges of $20 per chart was documented as the result of improved physician documentation. Assuming a collection rate of 40%, this represents a net return of $7.75 per patient when the cost of the licensing fee is deducted. It can easily be projected that coding time will decrease when charted elements are precounted by EDITS Scan and billable procedures electronically identified. Conservatively, this should be worth at least $0.50 per chart.
