In-House Medical Coding Post-Pandemic: Is it Worth the Effort?
COVID-19 tested the resiliency of our healthcare resources. According to the American Hospitals Association, U.S. hospitals will continue to face financial hardships . During this unprecedented public health crisis, the U.S. healthcare system confronted many challenges, including historic volume and revenue losses, PPE shortages, treatment capacity, loss of skilled labor, and skyrocketing expenses. This crisis has prompted clinicians, administrative professionals, and executive leaders to reconsider how they can provide high-quality care at a reasonable cost to patients. At the same time, healthcare organizations need to address the pressing concern of a stagnating revenue stream in a high deductible private insurance landscape. In-House Medical Coding: Outlining the Challenges The operational and financial burden of the pandemic on healthcare providers has laid the focus squarely on billing and coding procedures. Medical Coding is the key to e...