In an attempt to boost revenue while delivering quality patient care, healthcare companies are expanding beyond the four walls of the clinic and automating workflows. Digital shifts in medical billing and codinghave created opportunities but prevailed because of the numerous benefits it offers.
1. Behavioral Health Billing Software Will Revolutionize the Healthcare Industry.
2. An Increasing Emphasis on ICD-11: It contains additional categories like lifestyle choices, cancer survivorship, and digital health, and healthcare practitioners will have to be informed about them.
3. A Greater Emphasis on Virtual Medical Care(Telemedicine).
4. Introduction of Blockchain: Integrating blockchain technology( EHRs and a financial ledger) makes the system secure and accurate mainly because blockchain records are unchangeable.
Necessary with the Changing Times.
87% of consumers are interested in making payments online, as revealed by the Trends in Healthcare PaymentsTwelfth Annual Report of InstaMed.
Medical billing industry is anticipated to reach $8 billion, i.e., 9.25%, by 2026.
