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To manage billing and coding, the healthcare practice must provide results with accuracy and validity to avoid costly errors and delays. Medical billing and coding ensure that healthcare services are properly documented and translated into standardized codes, like ICD-10 codes for diagnoses, CPT codes for accurately describing medical procedures.
The process can be quite hectic; not only does it affect the financial health of a practice, but it also impacts patient satisfaction and trust. Keeping track of all the updates with regulations and coding standards is key to maintaining smooth operations and getting timely reimbursements in today’s rapidly changing healthcare environment.