How to Address Skill Gaps in Medical Billing with MedCore
Medical billing is the backbone of your practice’s financial health. It ensures that healthcare providers are compensated accurately and on time for the critical services they deliver. Yet, the complexities of the billing process—combined with constantly shifting regulations—are creating significant challenges for healthcare providers. According to the National Institutes of Health, 5% to 10% of […]
How Certified Coders Can Lead AI and Automation in Healthcare
AI adoption in healthcare continues to rise, with 79% of healthcare organizations now utilizing AI technology, according to a study commissioned by Microsoft through IDC. The healthcare sector is undergoing a transformative era fueled by rapid advancements in technology, particularly AI and automation. These innovations are revolutionizing everything from patient care to administrative processes. Amid […]
Technology Solutions to Minimize Medical Coding Errors
Accurate coding ensures proper reimbursement, maintains compliance, and facilitates better communication among the healthcare team. However, the complexity of medical coding often leads to errors. In fact, based on the latest data available, it is approximated that 80% of medical invoices in the United States are inaccurate. Consequently, errors result in financial losses, compliance issues, […]
Exploring Common Mistakes in Medical Coding and How to Avoid Them
As featured in AMA Journal of Ethics, upcoding and fraud related to misrepresentation of clinical information cost healthcare organizations more than $100 billion annually. Accurate coding ensures proper payment, facilitates research, and maintains compliance with regulatory requirements. Medical coding services have always been the backbone of reimbursement and data collection. However, amidst the complexity of […]
Medical Coding in 2024: Challenges, Innovations, and Lessons Learned
Medical coding is a critical component of the healthcare industry, serving as the bridge between patient care and financial reimbursement. As we step into the year 2024, the landscape of medical coding continues to evolve, with the medical coding market forecasted to be valued at more than 29 million USD by 2027. Healthcare professionals will […]