How to Reduce Medical Coding & Billing Costs
Picture this: You manage a high volume of medical coding on a daily basis, all bills and codes are error-free, your processes are efficient, you submit accurate claims to payers for full reimbursement, and you sustain your revenue cycle. Even the largest of healthcare facilities and most organized coding departments aspire to achieve this and thus prevent […]
MEDICODIO Makes Medical Code Lookup Accurate
“The patient is bitten by an orca, Initial Encounter.” Can you guess the ICD-10-CM codes for this injury? How long did it take for the medical code lookup? Did you have to switch multiple tabs for the medical code lookup? FYI, there are 36 different types of medical ICD-10 codes for injuries caused by underwater mammals. […]
NCCI Edits lookup Using AI: Key to Accurate Medical Coding
One of the biggest challenges for medical coders is ensuring that they are following the guidelines of the Medicare National Correct Coding Initiative (NCCI). The Centers for Medicare & Medicaid Services (CMS) developed the NCCI program to monitor and manage improper coding. The objective of the NCCI Edits lookup feature is to raise awareness of […]
5 Skills for Medical Coders to Ace Their Jobs in 2023
The Bureau of Labor Statistics has forecasted 37,000 new medical coding jobs between 2020 and 2030. This means a 9% growth! This also means hospitals and RCM service providers will be hiring coders for the coming 7 years. With Medical coding evolving and health tech taking the front foot, Coders are not employees who assign […]
Biggest Issues Medical Coders Face and Possible Solutions
Healthcare facilities rely heavily on their coding teams to ensure they get the maximum reimbursement. However, medical coding is not just matching and entering the code as per the procedure. It requires knowledge across various areas – anatomy, HIPAA, CPT and ICD codes, and modifiers, and the ability to read medical records. With coding being […]
Medical Coding Best Practices to Improve Accuracy
When it comes to medical coding, accuracy is everything. Even the smallest error can lead to a huge loss. Medical coding requirements change often, and with denials totaling a big chunk of the amount per year, one can’t afford to risk under or over-coding, not to mention relying on obsolete codes. As per the Centers for […]
Consequences of Errors in Medical Coding for Healthcare Service Providers
What are some of the consequences of incorrect medical coding? Why is the entire healthcare system looking for efficient coders? Why is it a tedious process to train medical coders? Why is innovation a top priority in the medical coding industry? The answer: Medical coding needs high attention to detail along with efficiency. Lack of […]
Key-errors Coders Make and How to Avoid Those
Loss in revenue, denial of claims, federal penalties, and exhausting audits- all these are consequences of coding errors. These are as scary as they seem right now! As healthcare services are expanding, so are pertinent medical codes. With newer codes and guidelines for usage coming in, coding errors are also increasing rapidly. These expanding codes, […]
Tips to Reduce Medical Code Search Time
The importance of medical code search cannot be overstated in the healthcare industry. This process involves assigning standardized codes to diagnoses, procedures, and treatments, and it serves multiple vital purposes. Medical coding also demands high precision, attention to detail, and an ability to stay up-to-date with changing regulations and technologies. Medical coders perform various tasks […]
