Medical Coding: Another Doomed Job? - PowerPoint PPT Presentation

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Medical Coding: Another Doomed Job?

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A medical coder translates medical diagnoses and procedures into standardized alphanumeric codes for billing. These codes are used in patient documentation to generate accurate bills, ensuring timely reimbursement for the doctor’s services from payers. – PowerPoint PPT presentation

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Date added: 18 April 2024
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Title: Medical Coding: Another Doomed Job?


1
Medical Coding Another Doomed Job?
A medical coder translates medical diagnoses and
procedures into standardized alphanumeric codes
for billing. These codes are used in patient
documentation to generate accurate bills,
ensuring timely reimbursement for the doctors
services from payers. TL, DR medical coding
exists so doctors get paid fairly. Why then, is
such an important job doomed? Dont get us wrong
medical coding remains one of the most valuable
practices in the healthcare industry. Every
healthcare provider bogged under millions of
patient records is in need of a medical coder who
can translate their charts and SOAP notes into
appropriate medical code. However, this need for
high data accuracy is also the same reason why
medical coding becomes prone to human errors,
data oversight, wrong ICD- 10 code assignment,
extreme administrative burden, under-coding, and
eventually, loss of revenue. But how does it
affect doctors? One line of incorrect medical
code can cost millions of doctors their fair
share of the revenue. Moreover, the American
Medical Association (AMA) proved
2
  • this fear right by estimating that every coding
    error costs the healthcare industry
    approximately 36 billion annually.
  • Things get worse, as incorrect medical code leads
    to
  • Incorrect patient treatment
  • The horror of neverending claim denials
  • Delay in revenue reimbursement for doctors
  • Delay in patient care
  • Loss of trust on both sides
  • Researchers in varied fields of data analysis
    have procured the primary causes of medical
    coding errors, with the most common being-
  • Lack of skilled medical coders
  • Lack of sufficient charts and documentation
  • Insufficient administrative staff
  • No communication between doctors and coders
  • Medical coder burnout and frustration
  • Coders would get frustrated, says Dr David
    Provenghi, ProSciento, It could take so long to
    find a suitable match that when they saw
    something that looked close they chose it.
  • Here is Where Technology Comes to Rescue

3
  • Doctors can loosen the rope of extensive
    paperwork around their necks and focus on what
    they signed up for treating their patients. AI
    saved 50 of physicians from exhaustive
    non-clinical burnout and wiped off 38 of the
    administrative paperwork load for hospital staff.
  • However, medical coders are still questioning
    what their jobs would look like In the future.
  • So, will AI replace human medical coders?
  • Lets be clear here. When we raised the question
    of whether coding jobs are doomed, we sincerely
    meant traditional medical coding. This involves
    extreme manual shortages, and a painstaking load
    on medical coders to sift through heaps of
    documents to get one code right.
  • Without AI, inefficiency in administration is
    horribly eating away at a doctors paycheck and
    a patients apt treatment. Therefore, medical
    coders should forgo the traditional coding
    mechanism, and adapt to COLLABORATING with AI.
  • Verdict Not Replaced, but Enhanced Medical
    Coding
  • AI meets the following scenarios where the
    expertise of a medical coding professional is
    superior-
  • Encountering unique or exceptional circumstances
    outside of the data fed, where human
    understanding of context and nuance in diagnosis
    is needed.
  • Detect ambiguity in medical coding with a
    broader, more sophisticated depth
  • of understanding of code ambiguities, physician
    jargon, and a wide range of consultations.
  • Understanding gray areas beyond ICD
    classification and discovering
  • contradictions in rules through ethical, moral
    and clinical judgment.
  • Understanding the ethics of patient care
  • Its time medical coding and AI meet halfway
    through, not replace one another.

4
Follow RevMaxx, a doctors personal coding
assistant, to understand the nuance of
healthcare behind mainstream news.
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