Working in the healthcare sector is a crucial factor and likely to be trendy in the present days. Most of us are aware of a nurse, medical assistant or a medical lab technician working in a hospital or a diagnostic center. It is certainly worthy to be studying and progressively making a career in the challenging healthcare sector.
The managed healthcare industry, in particular, is showing an evolving trend, and it is crucial for medical professionals to stay abreast of the modern trends.
Medical coding is one such challenging field of study owing to the recent advancements keeping up your pace while handling crucial medical information.
What is Medical Coding?
Medical coding is a specialized professional study that entails the broader healthcare administration. A professional medical coder reviews the documentation of the patient’s records translates the written documentation into a universal standard medical code using certain algorithms. These codes are submitted to the third parties to collect the statistical information related to specific ailments and develop treatment protocols.
Let us consider the healthcare trends that affect the future of medical coding and see the way it is going to have a long-lasting effect on the healthcare sector.
- The transition towards ICD-10:
Since last October, the coding system has got upgraded through the transition to ICD(International Classification of Diseases)- 10 coding system in the patient procedures. ICD-10 has around 69,823 diagnosis codes, and 71,924 procedure codes and the addition of 140,000 new codes makes it essential for the coders to adapt to new changes to prove themselves productive and efficient in the industry.
Many employers provide training to ease the transition. However, it is certainly advantageous if an individual enrolls for training in ICD-10 and sharpen one’s skills.
- Electronic Health Records:
Coders can leverage their value in the healthcare industry while getting familiarized with the latest coding trends like the Electronic Health Records(EHR).
Every aspect of professional health care services involves diligent record keeping. Poor record maintenance can lead to a variety of problems. The traditional paperwork system of paper health record systems in smaller organizations has glaring setbacks in the form of occupying a lot of space, vulnerable to lose and getting destroyed, difficulty in disseminating and storage. It is not the case with Electronic medical records, which is one of the upcoming trends. EHR system makes the process of medical coding more efficient and accurate as far as the professionals in the field are aware of the new trends and software. Comprehensive training in EHR will assist the billers in excelling in their roles and making the process of coding much easier.
- Updated CPT codes:
The CPT or Current Procedural Terminology involve identification of codes that the coders use to report medical procedures and services. Upgradation of the CPT codes happens more frequently mostly every six months and are not very static. This emerging technology is crucial for a medical coder to avoid any delay, risk of incorrect coding, delays in backup for doctors and patients.