The document discusses the development and significance of Hierarchical Condition Category (HCC) coding, initiated by the Centers for Medicare and Medicaid Services in 2004, as a means to assess and predict healthcare costs within value-based payment models. It emphasizes the relationship between HCC and ICD-10 codes and how HCC coding assists in evaluating patient complexity, ultimately benefiting patients, physicians, and payers. The document also highlights the role of 24/7 Medical Billing Services in providing medical billing support and ensuring accurate HCC coding to optimize revenue cycles for healthcare providers.