Here are five notes:
1. Medical codes impact reimbursement, benchmarking, clinical decisions, financial decisions, policy adoption and research.
2. Kaiser Health News reported medical billing mistakes lead to $68 billion in lost healthcare spending.
3. To help providers avoid medical coding mistakes, AmeriVeri offers a pre-payment solution that catches any errors before payment.
4. The company often finds three to four coding errors per 100 lines of code.
5. The solution can verify the code accuracy of 1 million claims in 25 minutes.
“Medical codes are the core data used in every aspect of modern healthcare — every provider, payer and facility relies on them,” said Martin Amberger, VP of operations, AmeriVeri. “The accuracy of codes, therefore, has a direct relationship with overall quality of care and the effectiveness of the system as a whole.”
More articles on coding, billing & collections:
How orthopedic & spine ASCs can optimize their supply chain: Advantien CEO & founder Tim Burney weighs in
How increasing premiums & deductibles could reign in Medicare spending: 5 notes
BCBS of Texas requests 60% price hike: 5 takeaways
