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What Every Health System CFO Needs to Know Before Using AI for Medical Coding
The healthcare industry is witnessing a challenging scenario concerning medical coding due to a shortage of skilled coders entering the field, which is primarily dominated by older Gen X-ers and Baby Boomers. This scarcity is leading to an expanding gap in proficient medical coders who accurately assign codes for billing and reimbursement purposes based on doctors' notes. Consequently, healthcare organization CFOs are grappling with understaffed coding teams unable to meet the rising demand. Additionally, physicians, who should be focusing on patient care, are burdened with the responsibility of correcting coding errors. As a result, many organizations are turning to AI solutions to address this critical issue.
Medigy Insights
The healthcare industry faces a challenging scenario with medical coding due to a shortage of skilled coders entering the field, primarily dominated by older Gen X-ers and Baby Boomers. This scarcity results in a widening gap of proficient medical coders who accurately assign billing and reimbursement codes based on doctors' notes. Consequently, healthcare organization CFOs grapple with understaffed coding teams, failing to cope with increasing demands. The burden of correcting coding errors falls on physicians, impacting patient care. AI solutions are being explored to address this critical issue.
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