Automation in Revenue Cycle Management: How do AI, NLP, and OCR optimize the entire RCM process?
Table of Contents Automation in Revenue Cycle Management (RCM) has taken a giant leap forward. According to a recent survey by HFMA in 2023, 74 percent of RCM companies have already automated most aspects of RCM operations. These companies have witnessed significant growth by automating the entire RCM process. By looking at the positive impact […]
Guide to Medical Coding and AI Integration
Introduction Medical coding is a crucial component of the healthcare system, translating complex medical information into standardized codes for efficient communication and billing. With the evolution of technology, artificial intelligence (AI) has started playing a significant role in this field. This guide explores the fundamentals of medical coding, the role of medical coders, and the […]
How to Increase Medical Coder Productivity in Healthcare?
Within the intricate healthcare system, precise medical coding stands as a linchpin for smooth operations, billing precision, and compliance with regulations. The productivity of medical coders serves as a cornerstone for the efficiency and effectiveness of a healthcare practice. Yet, measuring this productivity requires a structured approach encompassing diverse performance aspects. So, how to increase […]
How CODIO, an AI-enabled Medical Coding Tool, Ensures Healthcare Law Compliance
“Fraud,” “abuse,” “upcoding,” “unbundling,” and “compliance” are some of the trending terms in the healthcare industry. The government is determined to stop healthcare fraud and abuse and is conducting more investigations. Healthcare providers are worried that they might be investigated next. Healthcare laws and regulations are the backbone of safeguarding patient privacy, ensuring data security, […]
Everything about Medical Coding Audits: A Comprehensive Guide
In the world of medical coding, audit readiness isn’t just a goal; it’s a critical necessity. As a medical coder, your accuracy and compliance with regulations are under constant scrutiny, and the consequences of failing an audit can be financially and professionally damaging. Medical coding audits have the potential to keep you up at night, […]
5 Unconventional Ways to Solve the Medical Coder Shortage
The medical coder shortage is a real and pressing problem in the United States (US). According to a recent survey by the American Academy of Professional Coders, 70% of medical practices are experiencing a shortage of coders. The Medical Group Management Association (MGMA) conducted a survey in August 2023, which revealed that medical practices are […]
Unlocking Efficiency and Accuracy with AI-Powered ICD-10 Coding for Medical Coders
In the ever-evolving landscape of healthcare, medical coders play a pivotal role in translating complex medical records into standardized codes that facilitate billing and record-keeping. The introduction of AI-powered ICD-10 coding assistants has brought about a paradigm shift in this field, revolutionizing the way medical coders work. In this comprehensive guide, we delve into the […]
What are the common challenges in Medical Coding?
Uncover the common challenges in medical coding, from evolving guidelines to precise work under pressure. First of all, the medical coding process stands as a pivotal link connecting patient care, administrative processes, and financial realms. Medical coding is more than just an administrative task; it’s a fundamental pillar of the revenue cycle management (RCM) process. […]
Leveraging AI to Automate Medical Coding
In the ever-evolving field of healthcare, accurate medical coding is essential for reimbursement, claim processing, and healthcare research. However, this process has traditionally been reliant on manual coders, which has certain drawbacks. For instance, manual medical coding was time-consuming and prone to errors. To overcome these issues, healthcare billing departments and RCM companies are on […]
Unravelling Machine Learning in Medical Coding
Medical coding is one of the important aspects of accurate billing in the healthcare revenue cycle. Traditionally, manual coding of medical documentation has been the norm, but with advancements in machine learning and artificial intelligence, a revolutionary tool has emerged to transform the way medical coding processes are conducted. This article will explore how machine […]
