In the healthcare industry revenue cycle is dependent on medical billing and medical coding for its smooth and efficient functioning. Medical coding is aimed at creating codes for various diagnoses and procedures. The aim is to ease the process of billing and reimbursement. Medical coding companies are known to provide coding services that are cost-effective.
Medical Coding refers to the process of assigning codes to a specific set of information in the patient data. This information includes all medical services like diagnosis, procedures, patient services, etc. After the medical coder has assigned codes to the available information, it is time to share it with the biller. The biller then charges the insurance payer for the medical services received by the patient.
The three types of widely used medical codes in the healthcare industry are:
A trained coder provided by the medical coding services company is aware of the revisions done in the above mentioned medical codes. Therefore, healthcare providers can trust the medical coding companies for their expertise and professionalism.