| | May 20186UTLOOK Healthcare Tech Alex D'souzaManaging Editoreditor@healthcaretechoutlook.comHealthcare industry is witnessing a huge twist in the tale. Gone are the days when a patient visited the doctor, and the doctor got paid. With the movement from fee-for-service to value-based-care, the doctor gets paid not for counseling or performing a medical surgery, but for submitting a bill to the insurer. However, creating a bill is not a cake walk. On the contrary, it needs knowledge of anatomy and medical terminology, and thousands of different coding methodologies such as Current Procedural Terminology (CPT), The Healthcare Common Procedure Coding System (HCPCS), and the International Classification of Diseases-tenth revision (ICD-10) which alone has over 155,000 different codes. Owing to such complexities, mistakes are bound to happen in the form of claims missing critical encounter data or, even worse, if it is miscoded entirely. These result in delayed or denied claims, or revenue penalties putting a major strain on the profitability of the providers as they are not optimally paid for the services they offered. Nonetheless, solution providers are bracing up to solve the evolving challenges in the medical billing and coding space. Many have already rolled out cloud-based, mobile-ready platforms to offer the much-required flexibility and scalability. There is a momentum in leveraging artificial intelligence to make the process of medical coding more accurate. Then there is the automated capability for tracking and integrating accounting activities like accounts payable and accounts receivable and claims submission. Natural language processing is also being experimented with as a means to automatically recognize and extract data relevant for accurate coding and billing. This gives the ability to healthcare providers to code and bill medical services with less personnel, resulting in reduced costs, and increased reimbursement rate. At Healthcare Tech Outlook it has been our sincerest effort to help healthcare professionals make informed decisions regarding solutions that help them extend the value of healthcare and ensure proper reimbursement. Through this edition, we bring forth to you the Top 10 Medical Billing and Coding Solution Providers offering state-of-the-art medical billing and coding solutions. Write us your thoughts.Changing Winds in Medical Billing and CodingEditorialManaging EditorAlex D'souzaEditorial StaffAaron PaulJoe PhillipDane Stanley Tenzin ChogkyiVisualizerAlvin AndrewsMAY - 15, 2018Medical Billing and Coding SpecialSalesRichard Watsonrichard@healthcaretechoutlook.comUTLOOKHealthcare Tech Copyright © 2018 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.May - 15 - 2018, volume 04 - 05 Published by ValleyMedia Inc. To subscribe to HealthcareTech OutlookVisit www.healthcaretechoutlook.com UTLOOKHealthcare Tech *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@healthcaretechoutlook.comeditor@healthcaretechoutlook.commarketing@healthcaretechoutlook.comPhone:510-230-0395Fax:510-894-8405Contact Us:
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