3 Different Medical Codes You Need in 2022

3 Different Medical Codes You Need in 2022

Have you been wondering what kind of coding your healthcare facility, or any healthcare facility, might require? This article will answer all your questions.

Various health facilities and clinics are resorting to remote medical coding companies to take care of the technical side of their business. However, not many understand the significance and the different types of medical coding services.

So, in simple terms, like every other industry, healthcare is also joining forces with tech. As such, medical coders deal with multiple things, such as billing, reimbursements, version tracking for experimental treatments, research progress, and many more. Hence, read on to find out more about the different kinds of coding services available to medical facilities and where exactly these concepts are used.

  1. Professional Fee Coding

This particular code facilitates the process of professional fee record auditing in order to find out the diagnosis’ appropriate designation and the subsequent procedure codes that follow. Before completing this process, one must ensure to maintain compliance with the client and coding guidelines. As such, the professional fee code job would typically involve the following aspects:

  • Proper analysis, evaluation, and reviewing of client’s given medical records to ensure that each code assignment is accurate.
  • Performing professional fee chart coding as requested by the client.
  • Formulation of coding logs each day as per the client’s instructions.
  • Demonstration of coding proficiency, including ICD-10 and CPT, as such the accuracy levels are at least touching 95%.
  • Show compliance and adherence to Ethical Coding Standards laid down by AHIMA. It should include all applicable guidelines and regulations, along with the policies specific to the client.
  • Ensure proper productivity is maintained after considering the standards laid down by the official authorities and/or the client.
  1. Facility Coding

Facility coding reflects the volume and intensity of resources utilized by the facility to provide patient care. And coding guidelines ideally should:

  • Should not facilitate upcoding or gaming.
  • Be clear to facilitate accurate payments.
  • Be based on facility resources.
  • Only need the documents and details that are absolutely essential for patient care.

 

There are no specific guidelines for facility coding. However, many have adopted ACEP guidelines as a standard for themselves. Besides, many also choose to modify it to suit their business better.

  1. Risk Adjustment Coding

A risk adjustment coding plan must tick the below-mentioned factors or individuals:

  • Management of the health plan
  • Management of the provider group
  • Physicians
  • Non-physician providers
  • Highly skilled coding professionals

Doing so will help in capturing the patient’s right health status. Meanwhile, risk adjustment coding professionals must follow best practice guidelines to ensure accurate coding and reporting of HCCs yearly.

How Medical Coding Helps

Medical coding involves applying principles to medical matters like diagnosis, treatments, equipment tracking, insurance claims, etc. Accurate coding in this field can significantly reduce the technical issues faced by medical practitioners. And it is particularly helpful in:

Medical Billings

When dealing with medical bills, coders provide the following services:

  • Chart Audits and Code Reviews
  • Payer-specific coding requirements
  • Offshore coding audits
  • ICD-10-PM, CPT, HCPCS coding, and ICD-10-PCS coding
  • HCC coding

This help gets accurate reimbursements, lower claim denials, and reduce unwarranted compliance issues.

Tracking Research and Treatment Progress

Medical coders can create tracking systems that are useful for:

  • Seeing which versions of an experimental drug are proving effective.
  • Checking which diseases are spreading fast and which ones are reducing.
  • Tracking how many patients are checking in for the same illness, treatment, or drug.

These activities help healthcare professionals understand the market and develop services accordingly.

Medical coding has become essential to healthcare facilities’ success in 2022. And through remote medical coding companies, medical practitioners can easily fulfill all their technical requirements. Hence, if your health care facility hasn’t yet adopted the procedure, it’s about time you must do so.

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