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Showing posts from September, 2019

Is Medical coding and billing hard to study?

As the medical coding and billing career is high in demand, people think that it is very hard to understand the codes and to learn them.   It is not so. It is easier than you think. If you learn from a leading institute you will be a   well-trained certified medical coder and biller within in a short span of time. How Hard is Medical Coding? Medical coding can be a complicated routine. But once you get interested and get the hang of things, you can master it very professionally. Medical coders and billers use thousands of codes from multiple code sets (ICD, CPT, HCPCS) that are updated frequently. They convert complex medical information into these clearly defined sets of codes, which demands knowledge of health topics such as anatomy, physiology, and medical terminology, and more. Accuracy is essential with this profession, which can be challenging. Proficiency in medical coding means being extremely accurate at all times while having a keen eye for the tin...

Why is Revenue Cycle Management important in Healthcare Industry?

Revenue cycle management in healthcare (RCM) is the business process that enables organizations to be paid for providing services. For most healthcare providers, RCM is present from pre-registering a patient till the payment collection. In RCM, Time management and efficiency plays a significant role.   The health organization’s choice of EHR can be largely centered on how their RCM is implemented. Globally healthcare industry is going through tremendous transformation with respect to coding system, regulations for improving patient care and decreasing costs.   Hence for all HealthCare organization, be it a multi-location hospital network or a one-doctor private practice, revenue cycle management has become a fundamental component to master for all healthcare providers. The revenue cycle involves interaction with patients, including insurance verification and both point-of-service and after-service collections.   Improper recording and mismanagement of these...