NEWS ROUNDUP: The Latest Medical Coding Updates (May 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.
According to Coherent Market Insights, the global Medical Coding market Size & share was valued at USD 16,89 Billion in 2022 and is predicted to increase at a CAGR of 9.6%, to reach USD 31,88 Billion by 2030.
There’s no such thing as a casual interaction with a doctor anymore. And medical coders need to know this to ensure proper revenue and paybacks for their companies.
Recently, the industry has witnessed greater efficiencies in trial design, randomization, clinical supply management, and other areas as a result of web-based technologies.
Physicians need to keep their billing and coding right to ensure seamless reimbursements from payers. Similarly, they should stay updated with the latest coding changes to keep their revenue cycle intact.
Drug-discovery platform TandemAI, sleep-care platform BetterNight, health-monitoring system Xandar Kardian and AR/VR platform Healium also announced funding rounds.
Imagine getting calls almost daily demanding payment for medical debt you don’t owe. That’s what some say happened after they received X-rays, MRIs and mammograms from Tampa Bay radiology associates.
Our Facebook group for medical coders and medical billers is rising in popularity! Don’t miss out on the news, tips and advice shared freely in our group, which is nearing the 3,000-member mark.