Stay ahead with the latest trends in medical coding. Learn about new coding systems, technologies, & industry insights for effective healthcare management.
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Uneak White's Personal Brand Exploration Presentation
The Most Recent Trends In Medical Coding.pptx
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3. • The U.S. healthcare industry and Revenue Cycle Management
(RCM) sector is fast evolving with huge technological
advancements necessitating constant changes and introducing
new trends into process efficacy.
• These upgrades and developments are more into effect after
the COVID pandemic as a result of certain process
implications and with the best efforts towards adaption to
the ongoing requirements.
4. 1. Advanced Artificial Intelligence (AI) Integrations
2. Value-Based Care and Reimbursements
3. EMR/ EHR Integration and Interoperability
4. Process Standardization and Restructuring
5. Data Analytics and Reporting
6. Remote Work Collaborative tools
7. Autonomous ICD and CPT Coding
8. Outsourcing Medical Billing and Coding
Let us discuss a few most recent trends in Medical Coding to
help enhance the process.
5. • Physicians and Medical practitioners are expected to adapt
to the ongoing demands and trends to keep up with the fast
pacing industrial changes and expansions.
• While physicians quickly acclimate to the updates and
developments related to medical procedures and patient
care, they still struggle to find their feet with changes
regarding medical billing and coding guidelines and also
with technological advancements.
• Luckily for many physicians and medical
practices, Outsourcing Medical Billing and Coding have been
the primary driver to meet up industry standards and
profitability.
6. • Outsourcing Medical Billing and Coding was
prevalent even before the global pandemic, however
with the recent changes in the process
requirements, Outsourcing Medical Billing and the
RCM process has reached a higher summit and is
known to be trending colossally.
• Medical Billing Companies and RCM Service
providers take up the challenges by constantly
educating themselves about the industry-related
upgrades and actively involved process automation
for reduced human involvement, thus ensuring
quality deliverables.
7. Research has proved that there has been significant growth in Medical Billing and Coding Outsourcing
due to various benefits gained by this business model as listed below:
Benefits of Medical Coding Outsourcing
• Cost Savings and Quality Billing and Coding
• Claim accuracy with vast expertise
• Scalability and Flexibility
• Upgraded Technological tools and process automation
• Back office and extended support
• Reduces administrative tasks
• Reduces overhead and training cost
• Eliminates headaches from absenteeism and attrition issues
• Increased Reimbursement with reduced TAT
• Software and specialty-based expertise with scope for business expansion
• Complete RCM Support
8. MGSI is a leading medical billing and coding company based in Tampa FL.
With over 28 years of experience into end to end Revenue Cycle
Management Services MGSI servers more than 600 physicians, medical
practices, and groups across the US.
MGSI holds vast experience in medical coding for various medical
specialties understanding the coding niche, coding guidelines and
regulations, and client-specific requirements.
To know more about MGSI and our services call 1-877-896-6474 or log on
to ICD-10 Medical Billing and Coding Services | MGSI
(mgsionline.com)
About MGSI