Top 5 coding mistakes that cause practices to lose revenue

,

To prevent your practice from losing this revenue, avoid these five common coding mistakes.

Accurate coding is one of the most intricate and often frustrating tasks that doctors and staff must do. Erroneous coding can bring significant financial duress to a medical practice, either in the form of decreased revenue, audits, or even clawbacks from private insurers and revenue audit contractors (RACs).

These are only five areas of improper coding that lead to lost revenue; however, focusing on this list should make a significant, positive difference for the financial and operational well-being of your medical practice.

Roni Berlin, BSHCM, CPC, CPB, who serves as associate vice president at ExdionRCM Solutions, is a recognized expert in business strategy and analysis, medical coding, collections, and client support. The company’s solution, ExdionACE, is a powerful yet simple AI-powered coding, revenue integrity, and CDI (Clinical Documentation Improvement) solution.