The healthcare outsourcing sector is a fast growing sector that helps to make the retrieval of the patient’s information easier and faster. Medical encoders and abstractors translate the written clinical statements that are obtained from the doctors and other healthcare professionals into code that is easy to store and also retrieve whenever necessary. This data is analyzed and classified by the medical encoder using a standardized system that helps the users to match the needs of the patient and the health care resources that are available to them.
AM Infoweb can proudly say that we are one of the leading companies that provide medical encoding service to various healthcare centers all over the globe. We ensure that we hire the best encoders that are knowledgeable about the terminology that is used by medical professionals and also know the processes of various diseases. Our employees also have exceptional critical thinking skills that make it easy for them to provide work that is of a very high quality, that is up to par with the work that would have been provided abroad, all that at a much lower cost.
Why Are We The Best?
What is medical coding?
This is the translation of various healthcare diagnosis, different procedures, medical services, and hospital equipment into a universal medical alphanumeric code. The codes for the diagnoses and the procedures that the patient has undergone are taken from the transcripts of the notes made by the physician, the laboratory, radiography results, etc. The medical coder is responsible for ensuring that the proper codes are applied precisely while billing which includes abstracting the information that is obtained from the documentation, assigning the proper codes, and creating a claim that is to be paid by the insurance companies. The main job of a medical coder is to review the medical statements and assign them the standard codes using CPT, ICD-10-CM, and HCPCS Level II classification systems.
Why Should You Outsource Your Medical Coding Service?
There is an acute shortage of medical encoders and hence it makes more sense to outsource your medical coding so that you can rest assured that your work is done well. Trying to do the job in-house can result in the few workers that you are able to get being overworked; by outsourcing medical coding services you are able to scale your business without having to hire your own team. Since the medical coding service providers have a highly educated team that are usually very prominent figures in the healthcare industry that have widespread knowledge about the medical industry and have a clinical background including anatomy, disease processes, physiology, and ICD-10 coding.
Benefits of Outsourcing Medical Coding
There are various benefits that are associated with the outsourcing of the Medical Coding service. The most important benefit will be that this service is very cost effective and has a very high level of security that is compliant with HIPAA. The recently updated estimates state that there is a 30% shortage in medical coders which results in a loss of productivity which in turn results in the loss of profits of the company. By outsourcing medical coding you can make sure that there will be no loss of profits for the company and there is an acceleration in the amount of cash flow. You also get access to the latest technology and experts of the field.