For many, imagining the future of the healthcare field is a difficult thing in the age of artificial intelligence (AI). There’s a lot of thought about artificial intelligence (AI) impact on the healthcare industry. Generally, AI helps healthcare providers to streamline their medical practice. AI tools powered by machine learning help in managing and analyzing the patient data, improve healthcare across the board. Let’s discuss how this can technology help you to improve the revenue cycle and impact on medical billing and coding.
Streamline medical billing workflow
AI streamlines the medical billing process by providing accurate data at the right time based on priority. The most significant impact on a medical billing and coding expert’s day-to-day may result from the bottomless learning of users’ interaction with EHR and billing software. With the help of AI, patient information can be retrieved and manipulated automatically which reduces the time spent on the manual billing task and helps the billing experts to make better decisions about the Medical claim denials resolution.
Deeper denial analysis
Artificial intelligence helps billing experts to analyze the reasons for the denials. If the denials are due to medical coding errors, lack of medical necessity, the AI tool will analyze and find out the cause and update the information within the EHR to resolve the issues. Through this advantage, they will increase efficiency and profitability. They also provide an opportunity to increase revenue. It isn’t just healthcare providers and medical billing experts who will get benefited from AI advances, but Insurance payers too.
Industry Adaptation
Every year CPT and HCPCS codes are undergoing certain changes. For that, Medical billing experts should concentrate on coding updates that should reflect on billing charges. For these changes, the medical billing service providers need to adjust and they have to take more time to learn new codes. In-house medical billing staff can make coding errors due to new coding updates.
AI can assist better and smoothen the progress of these adjustments in various ways. For example, you could be recommending new codes or forestalling entering codes that don’t exist, also helps the users to remember any changes a code has gone through. Guided solutions can accelerate the process of the coders adapting to whatever changes may take place in the future.
About e-care
e-care India is one of the reputed offshore medical billing company. We provide exceptional medical billing services including quality provider credentialing services, insurance eligibility verification for more than 20 years. e-care – ISO certified and HIPAA compliant company ensures timely delivery meeting SLA (Service Level Agreement).To know more about our medical billing services, visit us at www.ecareindia.com.