How Automated Medical Coding Benefits Healthcare Sectors?

The relationship between medical coding and patient care may not initially appear connected, and they may even seem like complete opposites. While medical coding focuses on billing and revenue, patient care revolves around providing care to individuals. An from leading E-magazine’s recent article  emphasized this distinction, asserting that prioritizing care is essential over coding. However, what if one aspect is not more significant than the other? What if both caring and coding can collaborate synergistically? This is precisely what occurs when medical coding incorporates automation.

The introduction of medical coding automation brings about several benefits. It optimizes the coding process by reducing costs, enhancing accuracy, and expediting the revenue cycle. Moreover, it also positively impacts patient care. Here’s an explanation of how this synergy is achieved.

Maximizing Margins and Enhancing Patient Care: Medical Coding Automation Delivers Both

The significance of medical coding automation in improving both margins and patient care is often overlooked by many practice managers. However, without automation, achieving these dual benefits becomes considerably more challenging.

To begin with, let’s discuss how medical coding automation enhances margins in three key ways:

Enhanced Accuracy:

Medical coding automation ensures a high level of accuracy, resulting in a reduction of denied claims, rework, and partial reimbursements.

Accelerated Revenue Cycle:

Automation expedites the coding process, providing coding results within hours or minutes instead of days or weeks. This swift turnaround accelerates the revenue cycle, leading to improved cash flow, fewer accounts receivable days, and reduced pressure on the practice.

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