Coding Precision for Enhanced Revenue Generation

Abstract

Out of all the RCM processes, medical coding is the most vital step to streamline the finances of a healthcare organization. Accurate medical coding can increase healthcare providers' revenue by 20% while lowering the denial rate below 5%.  

Coding errors cost around $36 million annually to the healthcare industry. These figures are just the revenue impact on the healthcare providers. The effect of medical coding errors on RCM operation is even worse. In this whitepaper, our expert coders have used their 15+ years of experience to give you an in-depth understanding of medical coding and its impact on the end-to-end revenue cycle.    

This whitepaper highlights the problems healthcare providers experience due to medical coding errors and tips to overcome these challenges. Through a comprehensive exploration of industry best practices, technology-driven solutions, and real-world success stories, readers will understand how precise coding can revolutionize the revenue cycle management process.