By DeVry University
September 8, 2021
7 min read
September 8, 2021
7 min read
The healthcare industry is constantly evolving, driven by shifts in scientific advancements, patient privacy and insurance providers' policies. However, there have been several recent events that have impacted medical coding and billing.
Adapting to these changes creates an opportunity for new technology to emerge and helps the medical billing and coding industry to stay ahead of the curve. In this article, we will discuss new trends in medical coding and give statistics that show how the industry is meeting the challenges in the following sections:
Medical Coding Trends
There have been several significant changes that have greatly impacted the medical coding and billing industry.
The COVID pandemic, the replacement of the medical billing and coding ICD-9 system with ICD-10 and an overhaul of the Medicare Physician Fee Schedule are just a few. Let’s explore these changes and the resulting new trends in the medical billing and coding industry:
1Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Medical Records and Health Information Specialists, at https://www.bls.gov/ooh/healthcare/medical-records-and-health-information-technicians.htm (visited August 12, 2021). Growth projected on a national level. Local growth will vary by location.
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