CLOSE

Specials

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

healthcarebusinessreview
US
EUROPE
APAC

About us

  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Magazine
×
#

Healthcare Business Review Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Healthcare Business Review

Subscribe

loading

Thank you for Subscribing to Healthcare Business Review Weekly Brief

  • Home
  • News

Recommended picks

Must-Have Features of An Effective Healthcare Compliance Plan

Useful Tips to Boost Your Mental Health

Uses Of Internet Of Things (Iot) In The Veterinary Industry

Crankfrog, A National Payer Advisory Firm, Has Joined The Chartis Group

Populus Media Introduces HCP Reach Offering Through Partnership With Telerayvertica;

How Pharmacy Management System Turned A Boon For The Medical Industry

What is the Future of Healthcare Supply chain?

Top Cybersecurity Challenges Faced In Healthcare Sector

Must-Have Features of An Effective Healthcare Compliance Plan

Useful Tips to Boost Your Mental Health

Uses Of Internet Of Things (Iot) In The Veterinary Industry

Crankfrog, A National Payer Advisory Firm, Has Joined The Chartis Group

Populus Media Introduces HCP Reach Offering Through Partnership With Telerayvertica;

How Pharmacy Management System Turned A Boon For The Medical Industry

What is the Future of Healthcare Supply chain?

Top Cybersecurity Challenges Faced In Healthcare Sector

Artificial Intelligence Meets Medical Coding

Healthcare Business Review | Tuesday, November 17, 2020
Tweet

FREMONT, CA: Medical billing and coding is an integral component of healthcare. The medical coding outsourcing market alone is projected to reach16.9 billion dollars by 2021. However, coding accuracy is an ongoing challenge. To maximize efficiency and accuracy of the medical coding process, companies are testing the possibilities of Artificial Intelligence (AI) applications. The current problem is coding accuracy, and AI applications are improving the efficiency of the coding process.


The emerging technology, Computer-Assisted Coding (CAC), which works on Machine Learning and Natural Language Processing (NLP), is all set to transform the medical coding process. The CAC automatically identifies and extracts information from documents. It also analyzes the documentation and automatically recognizes [vendor_logo_first]relevant medical codes. In addition to processing codes and high volumes of data, AI can also reduce the standard work hours and human errors. AI helps providers address gaps in medical coding information. The AI reviews documentation and then guides the provider to adjust the documentation to ensure it accurately reflects the patient’s condition.


While utilizing AI to catch coding errors would be enough to justify its use, there are several other benefits that come along with it. AI’s potential for identifying false claims or suspect charges is one of the most obvious benefits. With healthcare fraud costing Americans around 68 billion dollars to 230 billion dollars yearly, having AI in place can immediately recognize suspicious activity. Additionally, AI is capable of identifying information that’s not explicitly stated in care providers’ documentation. Even with all of the benefits of accurate coding, doctors still fail to have a complete understanding of medical coding. Fortunately, AI can offer natural language software to apply appropriate codes even when a physician fails to document them thoroughly.


Medical coding is an essential component of how care is delivered and. Inaccuracy is a roadblock that needs to be addressed with the help of advanced technologies such as AI.


Weekly Brief

loading
> <
  • Healthcare Facilities Management 2022

    Top Vendors

    Current Issue
  • Healthcare Bpo 2022

    Top Vendors

    Current Issue
  • Veterinary Solution 2022

    Top Vendors

    Current Issue
  • Healthcare Executive Search 2022

    Top Vendors

    Current Issue

Read Also

Five Healthcare Marketing Trends to Watch out for in 2022

Five Healthcare Marketing Trends to Watch out for in 2022

Solv Demonstrates its Commitment to Healthcare Price Transparency with ClearPrice Launch

Solv Demonstrates its Commitment to Healthcare Price Transparency with ClearPrice Launch

Key Medication Management Challenges Facing Healthcare Administrators

Key Medication Management Challenges Facing Healthcare Administrators

Key Trends Transforming the Facets of the Medical Device Industry

Key Trends Transforming the Facets of the Medical Device Industry
Key Challenges Healthcare Supply Chains Faced during the Pandemic?

Key Challenges Healthcare Supply Chains Faced during the Pandemic?

Overjet Obtains U.S. Patent for its Revolutionary AI Technology Enabling Accurate Measurements on Dental X-rays

Overjet Obtains U.S. Patent for its Revolutionary AI Technology Enabling Accurate Measurements on Dental X-rays

Must-Have Features of An Effective Healthcare Compliance Plan

Must-Have Features of An Effective Healthcare Compliance Plan

Effective Tips to Improve Mental Health

Effective Tips to Improve Mental Health
Loading...

Copyright © 2022 Healthcare Business Review . All rights reserved. |  Subscribe follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.healthcarebusinessreview.com/news/artificial-intelligence-meets-medical-coding-nwid-2.html