NEWS ROUNDUP: The Latest Medical Coding Updates (November 2022)

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.

Medical Coding is the Next Stop for Artificial Intelligence in Healthcare

Industry leaders agree that artificial intelligence in healthcare is taking off; medical coding and billing is the latest use case for ER staffing company TECHealth.

How the 2023 CPT code set will help cut administrative burdens

The AMA has released the 2023 Current Procedural Terminology (CPT®) code set, which includes new modifications that make coding and documentation easier and more flexible for evaluation and management (E/M) services performed in inpatient and other nonoffice-based settings.

Fathom files $46M Series B to streamline medical billing

Automated medical coding startup Fathom filed a $46 million Series B round, CEO Andrew Lockhart tells Axios exclusively.

National Medical Billing Services Announces Acquisition of MedTek

National Medical Billing Services (“National Medical”), an industry leading healthcare revenue cycle management (“RCM”) company serving the surgical market, has acquired MedTek, LLC (“MedTek” or the “Company”), a leading provider of RCM solutions to ambulatory surgery centers (“ASCs”), hospitals, clinics, and specialty groups nationwide.

What will the next generation of medical coding look like?

A transformation is underway in medical coding as automation permeates revenue cycle management, raising questions such as: How will automation affect how medical coders work? How advanced is coding automation currently? What kind of skill sets will be needed for these new types of coding?

Medical Billing Outsourcing Market is going to boom at a rate of CAGR 12.3% by 2029

An influential Medical Billing Outsourcing market research report presents the company profile, product specifications, capacity, production value, and 2022-2029 market shares for each company.

If you’re interested in keeping your medical coding knowledge updated, be sure to check out Medical Coding Academy Online today!