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To answer that, we have to look at the massive amount of data that every patient visit entails.
#Code for midico youtube code#
Let’s start with a simple question about medical coding: Why do we code medical reports? Wouldn’t it be enough to list the symptoms, diagnoses, and procedures, send them to an insurance company, and wait to hear which services will be reimbursed? Coders take medical reports from doctors, which may include a patient’s condition, the doctor’s diagnosis, a prescription, and whatever procedures the doctor or healthcare provider performed on the patient, and turn that into a set of codes, which make up a crucial part of the medical claim. That way, they won’t have to focus on their backend processes and can place all of their efforts on caring for their patients.Medical coding is a little bit like translation. From there it continues to skyrocket in popularity.Īlthough it costs healthcare facilities money to outsource, it saves them time. In fact, that subsect of medical billing will reach $23.1 billion by 2027 according to Global View Research, Inc.Īccording to their research, medical coding outsourcing will eclipse in-house teams by 2021. Yet, no practice is immune to the mandated changes that happen on a yearly basis.Īs a result, outsourcing medical billing processes to a third-party organization is a massive trend. More diagnosis and procedural codes make healthcare processes more complex, making it harder for facilities to focus on their patients (no wonder doctors are so burnt out). The only way the industry can continue to function as new CPT code updates occur on the fly is by having a pool of experienced medical coders to support the effort.
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Therefore, some of the new CPT codes also catered toward remote patient monitoring and digital consultation. The pandemic also influenced the increased use of telehealth therapy and treatment. Not to mention the six spur-of-the-moment CPT updates that occurred in response to the COVID-19 vaccination plan coordinated with the US government. On January 1, 2020, the American Medical Association introduced and enforced 394 CPT code changes. Medical coders are also responsible for applying Current Procedural Terminology (CPT) codes.
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Similarly, those just starting out should get feedback on the simple mistakes they make in real-time to learn from them. The experts within the field shouldn’t have to spend hours each day working simple charts. It requires a mixture of human analytical skills with or without technology.Ĭurrent and future coders should embrace the technological advancements headed their way. The majority of them are low-skill, technology-dependent careers (not to offend any former lamplighters). Some of the most notorious ones are…īut there’s a pattern with all of these. Yes, over the course of time certain jobs have disappeared due to advancements in technology. So, if you come across someone who’s deciding whether or not they should pursue medical coding, what do you say? After all, just a few paragraphs earlier I told you that it’s not a dying career. Eventually, over the course of a few decades or so, automation will take over the majority of medical coding tasks. As time passes and the solution becomes more advanced, it’ll take on more tasks. First, it means that there’s a lot of money on the table for the technology company that comes up with an AI solution that helps coders perform their job faster and better.