Outsourced medical coding and billing has been around for a while. Now, HCC technology improves its output and provides several revenue-enhancing cost-containment solutions. Let’s dive in.
What HCC Coding Is
HCC stands for hierarchical condition category coding. It was first created to ascertain the likely future healthcare costs for patients. Today, the healthcare industry looks at it for risk adjustment and the renewed importance of HCC coding. This is done by its first-class infrastructure, best-in-class processes, flexible engagement models and proprietary technology.
How Providers Benefit From HCC Coding
HCC offers revenue cycle management solutions that maximize your benefits and manages risk. It streamlines coding and auditing by identifying medical coding errors and providing other quality assurance processes. HCC also identifies compliance risk. Having done these things for you, proper HIM solutions let you prioritize your patients.
How Payers Benefit from HCC Coding
The Hierarchical Condition Category (HCC) includes more than 70,000 ICD-10 diagnosis codes. The new technology ensures correct coding and billing, which prevents sizable penalties. By including risk adjustment coding software, HCC is also a risk adjustment solution. This risk adjustment coding software helps insurance companies develop healthcare plans. Hospitals use its future resource utilization predictions to more accurately plan for future resources. Risk adjustment and the renewed importance of HCC coding really pay off.
Call Today for More Details
Hospitals, physicians and healthcare plan providers all benefit from HCC. You’ll need to find a good healthcare BPO company to benefit from this technology. When it’s time for an upgrade to HCC, contact GeBBS Healthcare Solutions today.