As the year 2020 has already begun, you are coming back to your work mode with a lot of new changes. Every year there is an optimistic change going on in terms of various professional fields. And one of them is medical coding services.
Changes in medical codes:
The brand new changes are related to the updates to current procedural terminology (CPT) codes that were not found in the previous years are finally trending in 2020. There are more than 300 coding changes; also with the new codes, coding removals and 75 coding revisions of existing codes. The new changes in the year 2020 in the CPT code are wide-ranging for medical experts. With the new medical codes, doctors are privileged with virtual bills or remote visits which make it easy for the doctors in case of emergencies.
Cloud-based medical-billing software:
In the medical field, the “cloud” has been controversial as providers doubt its security when it’s the question of patient’s data. The providers are responsible for protecting their patient’s data and so the concern. But the good news is that cloud-based medical-billing software from a standard technology partner is more secure than the alternative. Through encrypted technology which is regularly updated at minimal cost, practice data and patient is kept safe.
Electronic claims processing
Traditionally paper claims were used to be the standard, but as the e- claims processing and medical billing coding were introduced the usage increased among the providers all over the country with a good jump. The software can code your claims right away with the right kind of system. Partnering with quality service partner medical billing software can help providers specify the most common mistakes to refine their process and work towards a smooth payment.
Filing the claims electronically helps the providers to accomplish more in a shorter period. Bulk claims processing helps providers file claims easily when going to the same payer for reimbursement. Software partners are continuously creating more ways to speed up this electronic process and help providers achieve more.
RCM services outsourced
For a long time now, the question of whether or not Revenue Cycle Management (RCM) in the medical billing industry is better managed in-house or outsourced to a service vendor. In the year 2019, several providers agreed to the usage of outsourcing RCM. And the year 2020 the usage is expected to grow as the providers are realizing the benefits of doing so.
Outsourcing RCM services to a trusted vendor frees up the time, energy and resources within the provider’s practice while also reducing costs and improving results.
Electronic Health Record/ interoperability :
Providers are stuck with large inefficiencies and problems when their software is not operable and completely in sync with their other practice technology. What’s trending this year is that providers are seeking vendors that offer software interoperability, allowing them to work efficiently and also help their patients. EHR merged with medical billing software creates a potential for digital payment processing from the patient’s side along with payment reminders with your practice management software.
This year has started with some promising trends for medical coding which will be a great achievement for the providers, practitioners and the healthcare organizations.