Patients are the most benefited ones when it comes to Value Driven Care. Since this is a new launch of coding which has been implemented in medical industry, it becomes a hard nut to crack for many coders at present. The care services are completely based on improving the customer satisfaction. The secret behind this customer satisfaction will be interpreted in upcoming paragraphs. The value driven care is seen as one of the best step forward for increasing the levels of codings.
Focus on coding
The value driven care focuses on changing the style of coding. Many of the codes are processed with some of the errors which are the vital reasons for denials and rejections which decrease the revenue of medical industries as well as patient’s satisfaction. To ensure perfect codings, value driven care is focusing on giving better outputs for codes. This value driven care will create more transparency in billings. Since the new ICD-10 coding is practiced in many of the billing services, the chances of errors are increasing when staffs are introduced to new set of coding but the value driven care will likely to soothe the tensions of increasing denials.
Involving patients in entire aspects
The biggest secrecy behind this value driven care is involving patients will surely lead to better services. When all the information regarding comfortability and using technology are preferred on patient’s suggestion then there comes a chance for increase in Revenue Management Cycle (RCM). The communication will create a pathway for the biggest change which the world will witness in upcoming years.
With such kind of care programs, the patient’s ideology of medical industries can be easily studied. Even equipment usage and other facilities can be easily provided based on patient’s comfort. The speed of the increment in revenue will become high when patients are dealt with physicians. As a conclusion, medical industry can identify which are not preferable by patients and clear out the unwanted services and codings.
To make the medical industry accept this value driven care, it must be focused towards looking into the perception of patient’s needs and investing in new technologies will bloom as a favor of change. The unwanted tech which is really not in usage can be cleared out from medical industry. When care is provided in right amounts, the physicians will get right reimbursements and hikes in their salaries.
Since the recent MIPS for physicians are based on patient’s reports, this value driven care will uplift the increments for physicians and strengthen the standards of medical industry. The coding will become more convenient and set of unused codes can be detected easily when this system is under control. The audits and Accounts Receivable (AR) must be carried out in increased levels to get better workflow in codings.
The digital era is moving forward in making the patient master of medical industry. When the consumers are treated with right care the chances for decreased risks and increased incomes improve is the outcome of value drive care which is under progress now.