Medical coding plays a crucial part in the journey and success of healthcare practice. However, it takes a lot of time and is also a tedious task for healthcare providers who treat many patients on a daily basis.
For many years, medical coders had to go through many pages online to look for specific codes. These processes became worse whenever there was an update in the coding guidelines. Not to mention the fact that catching up with changing insurance companies' ever-changing policies also became a hurdle for medical coders.
All these long and manual processes create room for human error which often cost healthcare providers millions of dollars in revenue every year. According to studies, the healthcare industry loses more than $200 billion per year due to coding errors. Today, AI used in medical coding is increasing productivity. AI-powered medical coding tools are saving the industry from such costly errors and medical coders from the stress they go through every day.
Below Unify Medicraft delves into how AI is beneficial to the medical coding industry and why every healthcare provider needs to adopt it in their practice.
How Medical Coding Works
After a healthcare provider treats a patient, the details (diagnoses, symptoms, procedures, and treatment information) are sent to a medical coder, who in turn interprets the process into a universally accepted code. This process often looks pretty straightforward but of course, the devil is always in the details. Medical coding is very stressful as it requires complete concentration to assign the right codes for every diagnosis and treatment.
Using AI in Medical Coding
Artificial intelligence has become one of the most important tools in medical coding in this era. By integrating AI into the billing process, medical coders are able to automate parts of their workflow as the process boosts efficiency and accuracy.
Human errors in medical claims are often the culprit either by mistakes or when coders do not have access to recently updated codes. This causes delays in reimbursement, which can affect the revenue growth of healthcare providers.
When Al is added to the medical billing process, healthcare providers are able to prevent insurance claim denials. Also, with a few clicks, medical coders can now get the correct medical codes, allowing them to redirect their expertise to more complex cases that require human judgment and critical thinking.
Why Healthcare Providers Should Adopt Medical Coding Artificial Intelligence
Reduce Human Error
The ability of Artificial Intelligence to reduce human error has been improving how medical coders are excelling in their role on a day-to-day basis. With AI analyzing medical data and assigning the most accurate codes, efficiency and acceleration of the medical billing process are guaranteed. This successfully results in fewer claim denials and faster payments for healthcare providers.
Audit Medical Data
Regular audits are a necessary task for healthcare practice and AI is able to examine patterns and trends to identify possible errors or inconsistencies that may be missed by the human eye. It also highlights coding corrections and any compliance issues. This will help medical coders during their auditing process while reducing costs and improving analytics.
The Bottom Line
AI is not only beneficial for medical coders, but it is also helpful for the entire healthcare industry. For medical coders worried that AI will take over their career, that is not the case as they remain responsible for reviewing the codes provided by Artificial Intelligence.
Unify Medicraft has the best software for healthcare providers planning on achieving maximum reimbursements and a seamless billing process. Our software makes your filling process precise and takes the hassle off your shoulders so that you can fully concentrate on patient welfare.
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