5 Reasons Why You Need Medical Coding and Billing Audits
Recent research conducted by the office of the Inspector General for Health and Human Services found that 40% of Medicare E/M services lacked accurate medical coding practices. Errors in medical coding will directly affect medical billing which, in turn will impact the revenue of healthcare and urgent care centers. Healthcare services can experience punitive damages including loss of reputation and financial penalties.
Healthcare services need to find ways to curb the effects of misappropriating medical billing by performing timely and regular medical audits. This blog talks about how medical coding and billing audits can safeguard the interests of healthcare services and strengthen revenue life cycle management for claims.
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