How AI-powered Medical Coding Works?
AI-powered medical coding is a cutting-edge technology that utilizes artificial intelligence algorithms to automate the process of medical coding. The technology analyzes medical records, extracts relevant information, and assigns medical codes. This reduces the risk of human error and improves coding accuracy. The global market for AI in medical coding was valued at USD 2.06 […]
How to Choose Appropriate Medical Codes?
Are your medical coders finding it hard to predict medical codes that are outside of their specialties? Choosing accurate medical codes for various procedures and treatments can be a daunting task for medical coders. The major challenge is identifying appropriate medical codes immediately from hundreds of unique codes from unstructured clinical notes. If coders have […]
Opening the Door to Data Analytics in Medical Coding
Medical codes are not just alphanumeric codes that are used in reimbursement and claims activities. They in fact tell the story of a claim. Let us take an example:Â a 42-year old woman presents to the emergency department with an open fracture to her right toe. She was checking inventory boxes in a large supermarket […]
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 […]
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 […]
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, […]
AI and Medical Coding: The Future of Medical Billing
The medical coding and billing industry is prone to time-consuming manual processes, a high risk of human error, and a lack of scalability and efficiency. In traditional medical billing and coding, healthcare providers input data. With more than 70,000 codes today, it becomes difficult for coders to process charts with the speed that the healthcare […]
