Medical Coding & Medical Billing
Medical Practice Management Services
Medical coding is the lifeblood of any successful medical facility, but accurate medical billing is only one of many important benefits of accurate coding. On a global scale, accurate medical coding allows the healthcare industry to analyze disease patterns and study treatment outcomes. On the local level, accurate medical coding can be used to gather valuable operational data about your individual medical practice, types of care provided and patient needs.
To ensure your practice makes the most of today’s modern coding procedures, why not trust the responsibility to verified, certified coding professionals with Legacy Medical Billing and Consulting in Dallas, TX. Our practice management firm protects physicians nationwide from the risks of lost revenue due to inadequate coding and billing errors.
Why Hire a Professional Medical Coding Service?
The key word is professional. Medical billing and medical coding continue to gain importance as regulations change under legislation such as the Patient Protection and Affordable Care Act (ACA). Every time a patient receives care in a physician’s office, the coder checks a variety of sources within the patient’s medical record to verify the work that was done and then they must assign CPT codes, ICD-10 codes, and HCPCS codes. This requires extensive knowledge of medical terminology, anatomy, health insurance, regulations, coding resources and legal guidelines. Our medical coding services make sure your practice uses codes accurately and gains every potential benefit from the latest medical coding procedures.
For example, the Medical Group Management Association (MGMA) reports that 12% of net practice revenues are consumed by “administrative complexity” and it estimates the cost of physician practice “interaction with health plans” at between $23 billion and $31 billion annually. Medical coding is involved in all those areas, and many changes in the works these days demonstrate the benefits of trustworthy coding services.
The number of codes for medical billing has jumped close to 144,000. In addition, the system has gone from 3-digit codes to 7-digit coding. Our medical coding services ensure that your practice is prepared and compliant in all cases. Our practice management services include medical coders who may also educate providers, recommend appropriate steps that help you meet federal and state requirements, and perform code audits to check the accuracy of past coding work.