The implementation of ICD-10 has many medical practices scrambling to learn a new code set and integrate it into their medical recordkeeping and billing processes. Increasingly, medical offices are turning to medical coding and billing software to help smooth the transition from ICD-9 to ICD-10. And, according to a new study by the American Health Information Association (AHIMA), using this type of coding software is an effective solution.
The AHIMA study indicates that computer-assisted-coding (CAC), when used by a trained coder, saved time without sacrificing accuracy in medical documentation. The study was conducted by 12 credentialed coders working on 25 separate cases. Half of the coders worked without the use of any computer assistance, and the other half coded records with the assistance of the CAC. Six months later, those same cases were coded again, and checked for accuracy. Those that were coded using the computer-assisted-coding system showed no reduction in quality even though the process was quicker and resulted in a 22 percent reduction in the time spent coding them.
Accurate coding and medical documentation are essential components to increasing reimbursements from third party payers. Having the right system to assist staff in coding and billing saves time and frees up staff to perform other, important office functions.
When making the transition to ICD-10, you might appreciate this handy and free code translator tool that you can download here. Remember, accurate coding is only one step towards maximizing the profitability of your practice. Using the right medical billing software can streamline your medical billing, track your receivables and help you collect more of your total billed revenue.