HCC assistant from Inferscience is an advanced real time HCC coding tool for providers. This application is integrated with multiple EHRs and through the integration it can receive the patient data in real time, analyze it against intelligent rules and suggest HCC codes, within seconds. It can look at lab results, imaging results etc, so it is analyzing the entire chart, not just encounter note. We are hopeful that this intelligent hcc medical coding tool will help providers and their billing staff to do appropriate HCC coding. Sign up for a demo now!
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They ensure high reimbursement of medical claims to the healthcare providers and boost their revenue by timely collecting payments of healthcare services from the patients and insurance companies.
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The computer-assisted coding market is expanding with the emergence of new products and applications.
These computer assisted coding solutions being used in many applications such as automated computer-assisted encoding, management reporting & analytics, and clinical coding auditing.What the Computer Assisted Coding Market Looks Like?Predicted to grow at a CAGR of 11.5% during the forecast period, the global Computer Assisted Coding Market is estimated to reach USD 4.75 Billion by the end of 2022.
The growth of the market can be attributed to the transition to ICD-10 coding standards from ICD-9 in North America, the growing demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures.Implementation of ICD-10 Drive the Global Computer Assisted Coding MarketMany hospitals, especially in North America, are adopting CAC systems to manage the increasing load of coding resulting from the adoption of ICD-10 standards.
Major health plans like Medicare have reported a smooth transition to ICD-10 due to rigorous testing for over six years.
The ICD-10 coding system requires the use of 72,000 procedure codes and 68,000 CM codes, as opposed to the 4,000 and 14,000 codes, respectively, in the ICD-9 system.
The implementation of CAC systems can resolve this issue as they enable healthcare organizations to work more efficiently while complying with procedural coding standards as per ICD-10 guidelines.
