Introduction
The filing of medical claims, as well as precise and effective medical coding, is critical to the payment of your healthcare organization. Medical coding, on the other hand, may be complex, time-consuming, and costly when done in-house. As a result of these issues, numerous practices are considering outsourcing their medical billing and coding.
If you want to improve the quality, speed, and consistency of your medical coding and billing, consider outsourcing your coding. This technique has several benefits, making it an excellent choice for many healthcare organizations.
The filing of medical claims, as well as precise and effective medical coding, is critical to the payment of your healthcare organization. Medical coding, on the other hand, may be complex, time-consuming, and costly when done in-house. As a result of these issues, numerous practices are considering outsourcing their medical billing and coding.
What is Outsourced Medical Coding?
Outsourced medical coding is when you outsource your coding to a third-party coding company rather than completing it in-house. Depending on your agreement, the coding company will handle all or most of your medical coding requirements. The third-party organization is also in charge of keeping its employees up to speed on the most recent coding abilities and needs. While many medical coders work remotely, you may also hire programmers to come into your office and work.
If a physician outsources their coding, they will transmit the medical records to the business with which they work when the operation is completed. The coders will read the charts, code them, and return them to the practice.
Medical coding audits and additional services, such as medical record review, research support, and clinical documentation enhancement, may also be provided by outsourced medical coding firms.
You can perform your medical coding in-house as an alternative to outsourcing it. In specific organizations, physicians and other medical professionals may handle their own coding. Other organizations may hire medical coders in-house to handle all or a portion of their coding.
Benefits of Outsourcing Medical Coding
Outsourcing your medical coding to an expert has several advantages. Here are some of the primary reasons why outsourcing medical coding is the best option.
- Security & Compliance
All healthcare firms are concerned about security and regulatory compliance. To guard against data loss and other cyber catastrophes in medical coding and billing, you must have strong data security and disaster recovery mechanisms in place. You must also verify HIPAA and other standards are followed.
A skilled coding business will grasp your coding needs’ security and compliance considerations. While you should always take safeguards on your end, you can rest assured that your coding business is doing the same.
However, if you use third-party medical coding professionals, you won’t have to bother about these standards. Medical coding outsourcing businesses will handle these concerns for you, and you can be confident that the coders working on your charts are certified, skilled, and knowledgeable.
- Consistent Quality & Accuracy
When you engage with a coding professional like Oriental Solutions, you can be confident that you’re obtaining consistent quality and accuracy. We have years of medical coding knowledge and a vast staff of professional coders.
You can be certain that you’ll obtain the same level of quality even if the amount of data rises because of the flexibility that a medical coding outsourcing firm may provide. You also don’t have to be concerned about declining levels of accuracy and quality due to fewer workers on specific days or changes in the environment.
- Cost- Effectiveness
When opposed to recruiting and maintaining an in-house staff of coders, outsourcing medical coding is frequently more cost-effective. Medical coders are difficult to find, particularly those with extensive training and specialty. Outsourcing allows you to have access to talented developers at a lower cost.
According to the AAPC, the average yearly salary for a medical coder is $52,411. Certified programmers and those with more experience will earn more money. The average annual income for specialist coders with credentials like Certified Professional Medical Auditor, Certified Documentation Expert Outpatient, or Certified Physician Practice Manager is around $64,000.
- Transparency
Your coding business will be able to supply you with complete records and performance data for your medical bills. These reports may be sent automatically or upon request. This provides unprecedented access to your coding and invoicing, allowing you to have a more thorough understanding of how your business functions. You may get these insights without having to spend time keeping thorough records or even monitoring employees. Another advantage to consider when selecting whether to hire or outsource medical coding specialists is cost.
Conclusion
The quality of treatment provided to patients and the amount of money earned affect how rapidly healthcare organizations expand. Outsourcing medical coding services, on the other hand, allows hospitals to simplify their core business processes while improving patient care. Finding an outsourced partner that can provide superior service at the required price point is therefore critical. The benefits of outsourcing medical coding services can assist ensure enhanced patient care and financial success when selecting the proper outsourcing provider.
Oriental Solutions is a renowned provider of medical coding services, having worked with some of the nation’s top healthcare facilities for many years. Our coders have years of experience and are certified by the American Academy of Professional Coders (AAPC) or the American Health Information Management Association (AHIMA). We provide low-cost distant U.S. offshore services.
Take your medical coding to the next level with Oriental Solutions.Get in touch with us today to request a consultation and experience the Oriental Solutions advantage!
