Accelerate & Simplify The Medical Coding Process While Keeping Costs DownSource: A2iA Corporation
Medical coding, like all other aspects of business, continues to face the challenge of transforming data from paper to digital and then to electronic, making it usable, searchable, reportable, and most of all, allowing it to generate revenue. Not only do coders face the challenge of turning their data into electronic information, they must also prepare for the ICD-10 conversion, which has caused worry across the industry.
Experts have predicted that the transition to ICD-10 will be larger than Y2K and cause a decrease in productivity by at least 30 percent, if not more. Analysts have also explained that without computer-assisted coding, the coding process will be virtually impossible. Health organizations that begin to make the transition early, and who employ intelligent technology, will benefit all aspects of Revenue Cycle Management (RCM) — every department will be affected with this transition as it has been described as a business issue, not only an IT problem, ultimately affecting A/R and the entire payment cycle. It is true that coding remains the task at hand, but existing Computer Assisted Coding, or CAC solutions, will not be able to meet tomorrow’s challenges of delayed payments and coding errors without added capabilities – ones that bridge patient care with the entire workflow, from clinical care through to the billing and revenue cycle.