Tag: ICD-10

ICD-10 medical billing outsourcing

ICD-10 Medical Billing Outsourcing: A Strategic Solution for Healthcare Providers

The healthcare industry is in a perpetual state of change. A significant milestone occurred when the United States mandated the use of ICD-10 billing codes. This shift transformed billing procedures for medical providers, from solo physician practices to large hospitals. As a result, ICD10 medical billing outsourcing has become a critical solution for managing the […]
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External Coding Audit

The Role of External Coding Audits in Healthcare

The constant updates in medical codes and evolving payer regulations, healthcare providers are increasingly turning to external coding audits. This blog post explores the importance of external coding audits, benefits, and how they support the healthcare industry in minimizing compliance risks, improving revenue integrity, and enhancing operational efficiency. 1. What Is an External Coding Audit? […]
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ICD-10 and CPT and HCPCS coding

Navigating 2024 Coding Updates: ICD, CPT, and HCPCS Changes

For 2024, significant updates will be introduced to ICD-10, CPT, and HCPCS, affecting medical practices, hospitals, and healthcare systems across the country. Medical knowledge, technological advancements, and healthcare practices continue to evolve, so coding systems must keep up. To ensure the accuracy of billing, documentation, and reimbursement, changes are made to the International Classification of […]
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ICD-11 Transition Guide

Navigating the Shift: Preparing for the ICD-11 Transition in 2024

The healthcare industry is on the verge of a significant transformation as we approach 2024: transitioning from ICD-10 to ICD-11. Healthcare providers, payers, and patients alike will all be impacted by this shift, which promises to revolutionize the way medical diagnoses and treatments are documented and reported. Our comprehensive guide explores the intricacies of ICD-11, […]
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Medical Coding 2024

Crack the Code: Top Trends Shaping Medical Coding in 2024

Regulatory changes, advances in healthcare technology, and an ever-increasing emphasis on accurate and efficient documentation are constantly driving the evolution of medical coding. Medical coders must keep up with these trends to ensure successful careers and optimal healthcare delivery in 2024. We share the top trends influencing medical coding 2024 in this newsletter, enabling you […]
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AI in RCM

Artificial Intelligence: The Benefits to Revenue Cycle Management

Artificial intelligence (AI) is a concept that has moved very quickly from the realm of science fiction into real and practical utility in a number of different industries—including healthcare. One of the most effective applications for AI-powered tools is in the field of revenue cycle management. Sophisticated AI technologies can sift through vast amounts of […]
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ICD

ICD Coding and Climate-Related Psychiatry

Anyone who has viewed the wildfires in Australia knows why it has been called the “canary in the coal mine” of climate change. No wonder that Solastalgia was discovered there. As the ever-increasing carbon is being emitted from the world’s coal mines and other fossil fuel sources, life as we know it is at increased […]
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Claim Denials

Root Causes Linked to Claim Denials

Three revenue cycle tips are provided to reduce denied claims. Claim denials represent millions of dollars in lost and delayed net reimbursement annually. According to the American Medical Association (AMA), cost estimates of inefficient healthcare claims processing, payment, and reconciliation top out at $210 billion per year. Claim denials are so common, they’ve become a fixture […]
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New ICD-10 Codes will help Physicians Tackle Social Barriers to Care

A new collaboration between the AMA and UnitedHealthcare will work to address the social and environmental factors that affect patients’ health by standardizing data collection on their social determinants of health (SDOH) to help address individuals’ unique needs that often go unmet. The two organizations are supporting the creation of 23 new ICD-10 codes related […]
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