Editor’s Note: The following article is a Guest Column from Danial Schwartz, a content strategist who sheds light on various engaging and informative topics related to the health IT industry. You can contact Danial on Twitter @dschwartz20. To learn more about submitting a Guest Column, Click Here.
Individuals in the medical field may be well aware of the fact that there have been a number of changes in the recent years. These changes have greatly impacted the way medical billing is taking place. Because of this, there are millions of individuals that have started to wonder what the future of medical billing will look like.
Expanded Medical Billing Codes
Anyone that deals with medical billing, or codes, can tell you that the International Classification of Diseases, ICD, has been updated. The ICD-9 codes will no longer be appropriate as the push will be moving towards the ICD-10 codes. It has been estimated the number of codes has greatly increased to five times more than what they once were. While this may cause some medical billers a great deal of stress, it is important to realize that there are always new diseases, vaccinations and medications making their way into the healthcare setting. Therefore, these codes need to be updated and improved on a regular basis.
Even though you may not like the new codes, medical billers will find that they can help to decrease inaccuracies that may have taken place with the old codes. This increases the amount of payments by insurance companies. It will also decrease the amount of work that medical billers need to do in the future. Errors related to the codes will be identified within the system so that those working in the field will not be required to do this manually.
The Move Towards Paperless Records
Professionals and patients alike have heard about electronic health records. This is a discussion that has been at the forefront of the medical profession for a long time. As this continues to become more and more prevalent in the health care field, those that would like to work in medical billing will be required to have extensive computer skills. There will also be a great deal of work completed to ensure that records are secure at all times. Because of the numerous protocols that will most likely be put into place, those that would like to complete this type of work will be required to fully understand them and how they work.
Faster Insurance Approval
How many times have you gone to the doctor’s office and they ordered an important test? Did you have to wait for your insurance company to give you approval before you had it completed? This is certainly an issue that many individuals can state they have encountered. This waiting game can cost individuals a great deal of stress and pain. Not to mention that it is very frustrating for patients.
However, as you consider the future of medical billing , it is important to understand that changes can also impact the amount of time you are waiting for insurance approval. This is because many of the new software programs will allow your doctor’s office, and medical facilities, to simply scan your insurance card. All of your information will be sent to your insurance company through the internet. You will know immediately if you are covered, saving you time and decreasing stress.
Quick Medical Billing Results
If you have never worked in a healthcare setting then you know that medical billing can be a timely process. This is especially true when this task is completed through paper. It can take days for all of the paperwork to be completed and to make its way to the insurance companies. But, when you consider the future of medical billing, you can see that this will no longer be the case. All billing will take place through electronic medical records (EMR) and then it will be exported into the billing system. The entire process will take minutes rather than days. Medical professionals will receive their payments much faster, and medical billers will have more time to complete other tasks.
Medical Biller Workforce
There are a lot of individuals that believe they will no longer be needed in the medical billing field once medical records, and billing, become electronic. If this is a fear that you have then you should really take some time to learn the facts. The U.S. Department of Labor Statistics has expressed that there will continue to be a need for medical billers, and coders, because the aging population continues to grow. There are also more and more medical professionals each year that will need to hire professionals to complete their billing for them.
Healthcare practitioners want to know that the medical billers they hire are able to increase the amount of claims that are paid. They want to know that they are competent and able to meet the ever changing trends in the healthcare industry. So, if you are considering a career in medical billing now is the time to get your education.
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- What Does the Future of Medical Billing Look Like? - October 31, 2015