10 Reasons Why You Should Outsource Your Medical Coding- Reason 9 of 10: A Global Coding Academy for Medical Coding Certification
As ICD-10 implementation draws near, the shortage of qualified medical coders will only become more acute. Outsourcing your medical coding is a solution that fits the needs of large hospital groups, standalone hospitals, large and small physician groups, and other healthcare organizations. It can result in zero coding backlogs, guaranteed quality, reduced cost, and no worries about coding resources or shortage-driven cost increases.
Over the next several weeks, we’ll offer you the top 10 reasons why outsourcing makes sense for your organization.
Reason 9 of 10: A Global Coding Academy for Medical Coding Certification
With the changes in the U.S. healthcare due to increasing costs – cost of medical insurance, changing coverage restrictions and allowances, and the revised ICD-10 codes – more and more healthcare providers need additional qualified individuals to provide medical coding services that get claims paid in a timely manner. Payers are applying increased scrutiny to their billing practices and reimbursements and providers are absorbing the costs.
The payers are analyzing all medical documentation to ensure patients are receiving the appropriate level of care at the correct cost. Medical coding denotes the surgical, equipment or diagnostic service provided. Connecting the correct, valid medical code to a qualifying diagnosis ensures that charges will be reimbursable—instead of denied and unpaid. Poor documentation and incorrect coding invariably lead to denials and delays of payment, which are the pain of any provider.
The Coding Academy trains new employees on all aspects of the coding field. Ongoing education is also provided to ensure coders are knowledgeable about new technologies and can access updated coding guidance (which is published in the Coding Clinic). This education will help providers avoid claim denials and possible lengthy appeals processes.
At the core of the Coding Academy is the importance of accurate coding. There are 14,025 diagnosis codes and 3,824 procedure codes in ICD-9-CM. In ICD-10, there are 69,823 diagnosis codes and 71,924 procedure codes. Ovation RCS strives to educate staff on correct code assignment of all diagnosis and procedure codes in both ICD-9 and ICD-10.
Another core value of the Ovation RCS Coding Academy is the introduction and establishment of the importance of implementing a Lean Six Sigma process improvement methodology in business strategy. Lean Six Sigma process improvement methodology not only assures Ovation RCS medical coding quality, it also empowers the learner to apply this strategy to their business.
To learn more about Ovation Revenue Cycle Services’ Comprehensive Coding Services, visit www.ovationrcs.com.
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