Are coding mistakes costing you money? Medical practices are acutely aware that capturing every dollar earned is critical to financial health. Traditional coding processes are time-consuming and prone to errors, which can impact revenue collection and cause organizational frustration. However, exciting advancements in Automated Medical Coding are transforming how clinicians and healthcare providers manage their coding and billing.
UnisLink is proud to partner with MediMobile, a leader in AI-powered coding solutions. Together we’re helping practices streamline workflows, boost efficiency, and maximize revenue capture. In this post, we’ll answer the following questions:
- What exactly is Automated (AI) Medical Coding?
- How does it work?
- What coding and billing processes can be automated?
- What are the benefits?
- How does MediMobile partner with UnisLink?
Efficient and accurate medical coding is crucial for streamlined operations and optimal revenue for healthcare professionals. Administrative tasks like medical coding can take up too much of a clinician’s time and be the biggest source of missing revenue. Enter MediMobile – a UnisLink strategic partner offering AI-Automated Medical Coding—an advanced solution designed to revolutionize how clinicians and healthcare providers handle coding and billing. In this blog, we’ll explore the partnership, what automated medical coding is, how it works, the benefits it offers, and why MediMobile is the leading provider of this innovative technology.
1. What exactly is AI-Automated Medical Coding?
Simply put, automated medical coding is software designed to generate medical codes from clinical documentation automatically. Fueled by artificial intelligence (AI) and complex algorithms, the software automatically generates the codes you need (like CPT, Current Procedural Terminology and ICD-10, International Classification of Diseases) for billing, reimbursement, and record-keeping. Automated coding eliminates manual entry, reduces errors, and ensures that all of your rightful charges are captured efficiently.
Lauren Hall, Director of Business Development at MediMobile, said it well: “Our goal is to eliminate the provider interaction with charge capture completely so providers can spend more time with their patients instead of entering charges.”
2. How does it work?
There are four simple steps to MediMobile’s AI-Automated Medical Coding solution:
- Clinical Documentation Analysis: The system reviews all aspects of the clinical documentation, including notes, lab results, diagnostic reports, medications, and more.
- Code Recommendation: The system recommends appropriate CPT and ICD-10 Diagnosis codes in real time based on the analysis.
- Autonomous Charge Creation: The AI-driven system creates charges automatically, complete with all relevant information.
- Feedback Loop: Clinicians or coders can accept or update the recommendations. The system learns from this input, continually improving its accuracy.
By analyzing massive amounts of real-world clinical documentation, MediMobile can identify codes associated with documentation and process charges, freeing providers from manual tasks.
3. What can it automate in the coding and billing process?
Automated medical coding goes beyond simply generating codes from clinical documentation. Here’s a closer look at what MediMobile’s Autonomous Medical Coding can automate:
- Charge Creation: Streamline your workflow, effortlessly generating charges from clinical documentation. Say goodbye to manual entry and hello to efficiency.
- CPT Code Selection: Our AI-driven system handles the selection of CPT codes for you. With precision and accuracy, it ensures that the most appropriate codes are chosen, minimizing errors and optimizing your billing process.
- ICD-10 Diagnosis Code Selection: Navigate the complexities of diagnosis code selection with ease. We remove the guesswork from ICD-10 coding, ensuring that documentation aligns with accurate diagnosis codes.
MIPS Measure Generation with Precision: Achieve compliance with MIPS measures effortlessly. Our system not only automates the generation of MIPS measures but does so with precision, helping our users meet reporting requirements without added manual effort.
4. What are the benefits of AI-Automated Medical Coding, and why do I need it?
Automated medical coding offers numerous advantages:
- Increase Revenue: Accurate coding and reduced claim denials lead to faster reimbursements and improved cash flow.
- Save Time: Automating administrative tasks can allow clinicians to gain back 10-20 hours per workweek and focus on patient care. No more charting on the weekends.
- Improve Coding Accuracy: With precise AI-driven recommendations, coding accuracy is maximized, reducing claim denials.
- Reduce Operational Costs: Operational costs are significantly lowered by eliminating manual processes.
- Reduce Coder Workload: Coders can focus on more complex tasks, enhancing productivity and job satisfaction.
- Quick Audit Capabilities: Effortless audit capabilities ensure compliance and help identify areas for improvement.
- Improve Clinical Documentation: Enhances the documentation process, ensuring comprehensive and accurate records.
- Ensure Compliance: Automated coding ensures adherence to the latest coding guidelines, reducing the risk of penalties and audits.
5. How does MediMobile partner with UnisLink?
MediMobile and UnisLink collaborate to provide a seamless solution for healthcare providers to manage their charges and billing processes efficiently. MediMobile allows providers to capture their charges accurately and UnisLink manages the billing process so that providers can focus more on patient care.
This partnership enhances the overall billing experience for healthcare providers by integrating MediMobile’s charge capture and automated medical coding technology with UnisLink’s billing services. This collaboration guarantees timely and accurate billing, resulting in improved revenue performance. By combining MediMobile’s advanced technology with UnisLink’s expert billing services, healthcare practices can maximize their revenue potential and streamline their billing operations.
Cameron Holt from MediMobile emphasizes the importance of choosing the right solution. “It’s crucial to have software that works for your specific needs,” says Holt. “Data entry isn’t enough. You need a system that automates tasks and streamlines the patient encounter process.”
Holt highlights the impact of efficient revenue cycle management (RCM) on healthcare institutions. “A healthy revenue stream is essential for the survival of hospitals, billing groups, large and small practices alike,” he explains. “Efficient RCM, achieved with the right tools, allows these institutions to thrive in today’s economic climate.”
In 2024, financial stability is paramount for the survival of healthcare organizations., Embracing automation with MediMobile and UnisLink can be a game changer and a major factor in the long-term success of practices like yours.
Join us for a live webinar on September 11th where we will dive deep into the world of AI-powered medical coding.