healthcaretechoutlook

Top 10 Medical Billing and Coding Solution Providers - 2018

The administrative processes of medical billing and coding play a vital role in the healthcare industry by translating a healthcare service into a medical billing claim to ensure the practice receives proper reimbursement for the services provided. Medical billers and coders need to determine patients’ medical history, including diagnoses and treatments given, followed by charge entry, claims transmission, payment posting, insurance, and patient follow-up to connect healthcare providers, patients, and insurance companies in the industry. Developments such as the widespread use of EHRs, the transition of the ICD-9 to ICD-10 with more than 10,000 new codes, and the implementation of Current Procedural Terminology (CPT) codes are increasing the complexity of billing and coding. And, a lack of knowledge of medical terminology and familiarity with thousands of different medical coding options incapacitate the billing and coding processes, adding to the probability of errors comprising billing inaccuracy, delayed or denied insurance claims, and the loss of time and providers’ revenue.

To prevent such scenarios, solution providers in the industry are leveraging technologies such as cloud, AI, blockchain technology, and cognitive computing to ease and enhance the processes of medical billing and coding, reducing the operational costs and increasing returns, both in terms of resources and patient care.

A distinguished selection panel comprising CEOs, CIOs, VCs, and the Healthcare Tech Outlook’s editorial board has selected a list of the top medical billing and coding solution providers that leverage innovative technologies and strategies to enhance today’s medical billing and coding processes.

We present to you Healthcare Tech Outlook’s –”Top 10 Medical Billing and Coding Solution Providers - 2018”

Company Logo Company Name Company Description
Ascent Health Solutions Provider of state-of-the-art revenue cycle management and physician and patient engagement system, enhancing a healthcare provider’s bond with patients and cash flow
athenahealth Provides network-enabled services and mobile applications for medical groups and health systems
AVEC Health Solutions Provider of end-to-end Revenue Cycle Management (RCM) and Coding Solutions
Cerner Provider of health care information technology solutions that optimize clinical and financial outcomes
Cirius Group Offers revenue cycle systems for UBO4 billing and 1500 billing, claim status, remittance processing, and calculating expected reimbursement for healthcare providers
ClaimCare ClaimCare is a Billing Company offering medical billing, claims, collection, and coding services
CompuGroup Medical US Provides a comprehensive set of eHealth solutions globally
CureMD Delivers health information management systems and services to optimize efficiency and minimize cost for medical practices
eClinicalWorks Provides innovative solutions to meet the daily Electronic Health Record and Practice Management needs of medical professionals
Kareo Cloud-based and complete medical technology platform built to meet the unique needs of independent practices