The Impact of AI on the Turnaround Time for Medical Coding
The most grueling problem associated with medical coding is its time and effort-intensive nature. These two factors are also responsible for a large chunk of medical coding being outsourced. But outsourcing is expensive. So here comes Artificial Intelligence (AI). AI has exciting applications across the healthcare industry and one of the most interesting ones is […]
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 […]
5 Ways Automation Is Transforming Medical Claims Processing
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 […]
Computer-assisted Coding: Your Secret Weapon
Artificial Intelligence (AI) and the subsets of AI namely, Machine Learning (ML), Natural Language Processing (NLP), have made inroads in nearly all sectors, including healthcare. Different technologies are deployed in the healthcare sector to enable the automation of several tasks – both administrative and non-administrative. One of the key factors for seamless automation is medical […]
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, […]
Challenges and Considerations for Implementing AI-powered Medical Coding
With the increasing significance of AI, the healthcare industry is moving towards an era of AI medical billing and coding automation. But like any other technology, AI integrations also come with their challenges. Here are some common challenges that RCM companies and hospitals face during AI medical billing and coding automation. #1 Bringing Data Standardization […]
