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”