NEWS ROUNDUP: The Latest Medical Coding Updates (January 2023)
The medical coding world is always changing, like many industries.
As such, it’s important to stay updated about the latest news, changes and updates impacting the industry.
Never fear, that’s why we’re here.
Let’s break down some of the latest medical coding news and updates you’ll find online these days.
ASC medical billing services are becoming more important these days, especially with the increasing healthcare industry costs, as well as the management of risk and compliance. Many practices try to appoint the personnel themselves, but the risk of human error is high, and the revenue does not seem to change in the slightest.
Opinions abound on what’s right and wrong with our U.S. healthcare system, but there’s one thing most can agree on: There’s a need to transform the experience for patients, providers and payers. The Covid-19 pandemic served as a catalyst for us to relook at and reimagine the digitization of the healthcare system.
Two years ago, the AAFP was busy developing resources to help members prepare for major revisions to office visit evaluation and management coding and documentation guidelines scheduled to take effect Jan. 1, 2021. The changes, intended to reduce physicians’ administrative burden and allow them more time for direct patient care, followed extensive advocacy by the AAFP and other medical groups.
The Global Medical Billing Outsourcing Market Size accounted for USD 11,748 Million in 2021 and is estimated to achieve a market size of USD 30,157 Million by 2030 growing at a CAGR of 11.3% from 2022 to 2030.
The Centers for Medicare & Medicaid Services (CMS) confirms that Healthcare Management Solutions, LLC (HMS), a subcontractor of ASRC Federal Data Solutions, LLC (ASRC Federal), experienced a data breach in the form of a ransomware attack. The breach may have exposed some Medicare beneficiaries’ personally identifiable information (PII) and protected health information (PHI); however, none of CMS’ systems were breached and no claims data were involved.
If you’re interested in keeping your medical coding knowledge updated, be sure to check out Medical Coding Academy Online today!