7 ways Coding Automation improves Reimbursement Capture

 

Ensuring accurate reimbursement is essential for every physician’s practice. Regrettably, shortages in coding staff, backlogs in charting, and shifts in guidelines frequently result in denied claims and financial loss. While various remedies have been devised, only coding automation has the potential to genuinely address this issue. Below, we’ll explore seven ways in which this AI technology enhances revenue capture. However, before delving into these, it’s crucial to grasp the fundamental reason why coding poses a burden for many practices today.

The primary issue in the current medical coding process:

When considering the fundamental challenges in coding today, various concerns arise – expenses, time investment, the persistent shortage of coders, and the added administrative burden on your practice. However, the underlying issue revolves around perspective: practices often accept the current state of affairs without recognizing there are alternatives. Traditionally, administrators and physicians have embraced the notion that grappling with a hefty coding workload is an unavoidable task, despite its time-consuming, cumbersome, and often frustrating nature. The reality is, it can be streamlined, uncomplicated, and remarkably accurate.

The latest coding automation technology, rooted in advanced deep learning AI, has revolutionized the physician coding process. I understand that this assertion may seem incredulous. The most effective way to demonstrate the impact of AI coding is to draw a parallel to another groundbreaking technology that transformed our daily lives – the washing machine. While this analogy may initially seem unconventional, bear with me, and you’ll soon grasp the connection.

Before the advent of the washing machine, laundering clothes could extend from half a day to an entire day’s endeavor. Similar to the time-intensive nature of coding, people simply accepted this as the norm. However, with the introduction of the washing machine, a complete paradigm shift occurred. Suddenly, a task that consumed hours upon hours could be accomplished in 30-60 minutes. This fundamentally altered people’s lives, unlocking additional time, energy, and focus for more significant tasks.

Much like the washing machine, AI coding automation will save your practice countless hours of work every week, providing your physicians and staff with the freedom to engage in higher-value activities. This technology is poised to fundamentally revolutionize the way coding is conducted. Don’t be surprised if, one day, everyone in the healthcare industry looks back on this era and wonders, ‘How did we ever manage without AI coding?

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