Artificial Intelligence in Healthcare

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• Artificial Intelligence in Healthcare

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Artificial Intelligence in Healthcare
Medical Billing and Coding revenue cycle is very
important and growing segment. Procedures for
billing and coding are necessary and theyve used
to translate patient records into standard codes.
These codes are used for billing third party
payers and patients. Correct coding is a
challenge. Total 36 billion resulted in improper
payments in year 2017 (according to Centers for
Medicare Medicaid Services) What is Artificial
Intelligence? Artificial intelligence (AI) is the
ability of software to mimic human cognitive
functions, and it has the ability to perform many
different jobs traditionally done by
professionals. AI is actually far more helpful
than robots and machines. Some types of
artificial intelligence seem to learn over time,
the process is still generally controlled by a
human. The ultimate goal of AI is to take
specific processes and automate them, something
that can prove significantly useful within the
medical billing and coding field. The problem
with Errors in Revenue Cycle Management Wrongly
filed code can turn into claim denials. Denial
codes will increase costs of insurance and
treatment. Incorrect claims, whether done
intentionally or by mistake, are a huge problem
in the healthcare field. Inaccuracies in billing
and coding cost everyone.
Medical Billing Services in Oregon
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Artificial Intelligence in Healthcare
Benefits of AI in healthcare AI already proved
its power in multiple industries by showing
positive results. AI has ability to analyze large
amounts of data and make decisions and
predictions that cab be become valuable to
medical billing and coding industry. Medical
billing and coding involves data inputs, data
generation and analysis, theres incredible
potential for AI. Some AI benefits to medical
billing and coding are as follows Easy to adapt
new Changes Approximately 216 codes will get
delete and 392 new codes will get add in 2019. As
we have seen change from ICD-9 to ICD-10,
complete revision to the coding standards can
take place, result into big adjustments. Medical
industry can make such adjustment successfully
but it takes some time, and learning curve often
results in more errors. AI can make such
adjustment easily in near future. AI can help
preventing coders from entering deleted codes in
the system. Faster Processing Processing time is
the challenge in medical billing and coding. It
takes significant amount of time for a procedure
to bill. Backed up payments can be a problem for
providers, insurance companies and patients.
Improved processing time must start with medical
billing and coding professionals. AI can improve
accuracy in procedures. AI will also help in
saving professionals time as they compile
procedure and billing information.
Medical Billing Services in Oregon
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Artificial Intelligence in Healthcare
Medisys a leading medical billing company offers
affordable medical billing services. Contact us
today to know more about how Medisys can increase
collection with error free medical billing and
coding.
Medical Billing Services in Oregon