Cobius Institutional Audit Manager
Assess and reduce reimbursement risk before your payers do with Cobius Institutional Audit Manager.
Cobius Institutional Audit Manager helps quickly identify and address critical risks — for billing, compliance, coding, revenue integrity, medical necessity, documentation, coding, and other matters — before payers or auditors discover them. It also allows health systems to identify potential revenue-boosting opportunities.
Designed for hospitals and other institutions, this powerful solution allows you to perform internal audits rapidly and accurately. Its advanced reporting features speed the process of identifying and solving problems, ensuring that future claims meet compliance standards and withstand payer scrutiny. As the backbone of hospital compliance and auditing programs, Cobius Institutional Audit Manager makes it possible to institutionalize best auditing practices, reduce risk, protect revenue and promote continuous operational improvement.
Manage all audits in a single system
Keep all your audits in one place where you can easily monitor them and later report on audit trends. Avoid juggling multiple spreadsheets or systems. Allow different departments, such as compliance, revenue integrity, and HIM, to conduct their own audits. Cobius Institutional Audit Manager can import data from multiple sources, displaying all the information you need in one standardized view.
Target organizational risks
Cobius Institutional Audit Manager lets you rapidly identify at-risk accounts to conduct risk-based audits like payers and third-party auditors do. The system provides benchmarks – like PEPPER target areas – to show you when you fall above or below normative standards. By identifying high-risk areas and outliers, you can immediately investigate risks and determine how to address them.
Improve audit efficiency and effectiveness
Cobius Institutional Audit Manager automates many tasks, from scheduling and populating audits with randomly selected cases through QA and follow up actions. The solution allows you to streamline your audit process while building in best practices. The result is higher productivity, fewer errors, and improved auditing practices, all while saving time and costs. You can also conduct pre-bill audits to correct bills before submission, shortening collection time.
Gain insights on risks and operational improvement
Leverage analytics and detailed feedback to reduce risks, identify missed revenue opportunities, and evaluate financial impacts. Executive dashboards and reports provide accuracy rates, root causes, patterns of denial, auditor productivity, and other actionable information. Audit and auditor performance can be monitored in real time to assess productivity and audit results. Detailed feedback can be delivered to coders, chairpersons, and others about performance.