How Medical Coding Mistakes Affect your Revenue? | Latest Update on Medical Billing - MedicalBillersandCoders.com
Posted on November 3, 2014 by Jacob Thomas
Medical coding errors lead to denied or delayed payments. Practices also lose significant time in tracking the source of the mistake. Since practices generate majority of their revenue through submission of CPT and ICD-9 codes to third party payers, physicians cannot afford to miss revenue opportunities due to coding errors.
Every single lost or delayed payment can affect the financial health of a medical practice. Therefore, accuracy in coding is necessary. Coders need to avoid some of the common mistakes in order to ensure a steady stream of payment.
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