CPT and ICD-10 Coding Services
Overcome the risk of revenue loss due to coding inaccuracies and maintain compliance with the latest industry standards with Invensis's CPT and ICD-10 coding services. Our expert coders handle the complex task of assigning CPT and ICD-10 codes to medical procedures and diagnoses, ensuring compliance with industry standards. We also allow healthcare practices to stay current with changing coding regulations, reduce administrative burdens, and focus more on patient care.
Years of Experience
Industry Verticals
Experienced Professionals
.webp)
Simplify ICD-10 and CPT Coding Services for Your Practice with Invensis
CPT (Current Procedural Terminology) and ICD-10 (International Classification of Diseases, 10th Edition) coding are essential medical billing and documentation systems. CPT codes represent the procedures and services performed by healthcare practices, such as surgeries, diagnostic tests, and medical evaluations. These codes ensure uniformity and accuracy in billing for healthcare services. On the other hand, ICD-10 codes classify diagnoses and medical conditions, providing detailed information about a patient's ailment or disease.
CPT and ICD-10 coding facilitate clear communication between healthcare providers, insurance companies, and government entities, ensuring accurate billing, claims processing, and medical recordkeeping. Despite their importance, many healthcare providers struggle with the complexities of applying the correct CPT and ICD-10 codes. Misapplication or omission of codes can result in claim rejections, underpayment, and compliance issues. This can be especially challenging for practices already burdened with patient care demands. The time-consuming nature of coding can lead to errors, payment delays, and lost revenue.
At Invensis, as an experienced provider of CPT and ICD-10 coding services, we help healthcare practices simplify and streamline the coding process by:
- Analyzing current coding practices, identifying common errors, inefficiencies, and areas for improvement.
- Establishing clear guidelines and procedures for coding, including the use of specific codes and modifiers.
- Implementing advanced CPT and ICD-10 coding software, including features like code lookup, auto-coding suggestions, and error-checking capabilities to streamline the coding process.
- Conducting audits and reviews of coded claims to catch and correct errors before submission to maintain CPT and ICD-10 coding accuracy and compliance with regulatory standards.
- Monitoring changes to CPT and ICD-10 codes, diagnosis codes, manifestation codes guidelines, and regulations and ensuring that coding practices are updated to reflect the latest standards and requirements.
- Educating coding professionals on the latest CPT and ICD-10 codes and industry changes to help them remain up-to-date and proficient in their coding practices.
Our Comprehensive CPT and ICD-10 Coding Services
- Medical Coding Services
- Procedure Coding
- Evaluation and Management (E/M) Coding
- Surgical Coding
- Diagnostic Imaging Coding
- Laboratory and Pathology Coding
- Anesthesia Coding
- Preventive Services Coding
- Office/Facility Visits Coding
- Specialist Consultation Coding
- Durable Medical Equipment (DME) Coding
- Telemedicine Coding
- Diagnosis Coding
- Inpatient Coding
- Outpatient Coding
- Chronic Disease Coding
- Acute Condition Coding
- Injury and Poisoning Coding
- External Causes Coding
- Neoplasm Coding
- Mental Health Coding
- Pregnancy and Childbirth Coding
- Preventive Services Coding
Request a Quote
Finance and Accounting Tools We Specialize In
Local Client Testimonials
During the consultation, some of the issues we can discuss are:
- Coding challenges and errors in your current CPT and ICD-10 coding processes and their impact on reimbursement accuracy.
- Current claim denial rates and solutions to reduce them through proper coding and error minimization.
- Strategies to manage code updates and regulatory changes to ensure compliance and minimize claim denials.
- Impact of utilizing advanced reporting tools on coding efficiency and revenue cycle performance.
Invensis - The Most Trusted CPT and ICD-10 Coding Company
Invensis has been a leading CPT and ICD-10 coding service provider for over two decades. Our tailored CPT and ICD-10 coding solutions are for hospitals, healthcare practitioners, clinics and care units, medical insurance companies, revenue cycle management firms, etc. We have a team of well-trained ICD-10 coders who focus on accuracy and compliance, ensure that every code is assigned correctly, and facilitate seamless medical billing and reduced claim denials. By utilizing our expertise, healthcare practices can improve their revenue cycle efficiency by 35% and decrease turnaround times by more than 20%.
Some of the leading benefits of outsourcing CPT and ICD-10 coding services include:
- Access to Expertise: In-house coding teams often face challenges due to limited specialized knowledge or difficulties keeping up with evolving CPT and ICD-10 coding standards, especially in complex medical fields. This can impact coding quality and accuracy, potentially resulting in compliance issues and revenue losses.
CPT and ICD-10 coding outsourcing companies offer access to skilled coders with specialized expertise in CPT and ICD-10. These professionals stay current with the latest coding guidelines and regulations, ensuring precise and compliant coding even for complex cases. - Faster Turnaround Time: Internal coding teams may experience delays due to high workloads, inefficient processes, or insufficient resources. These delays can lead to slower claim submissions, affecting cash flow and financial stability.
Outsourcing billing and coding services often provide faster turnaround times by leveraging specialized teams and advanced technologies. This ensures timely coding and claim submissions, improving cash flow and reducing financial disruptions for healthcare providers. - Reduced Administrative Burden: Managing an in-house coding team adds to the administrative workload of healthcare providers, diverting focus from core clinical activities and patient care. This additional burden can impact overall operational efficiency.
Outsourcing medical coding services reduces the administrative burden on in-house staff, allowing them to emphasize patient care and other critical functions. This shift enhances overall operational efficiency and improves the quality of care provided. - Enhanced Data Security: Protecting patient data and maintaining HIPAA compliance can be challenging for internal teams, particularly with growing concerns about data breaches and cybersecurity threats.
Outsourcing CPT and ICD-10 coding services addresses these concerns by enforcing rigorous data security protocols, including encryption and secure access controls. These measures safeguard sensitive information and ensure compliance with privacy regulations throughout the coding process. - Access to Advanced Technology: Internal coding teams may not have access to the latest coding technologies and software, which can hinder efficiency and accuracy. It is also difficult for them to stay current with technological advancements.
Outsourced CPT and ICD-10 coding services utilize cutting-edge software and technologies, including EHR integration and AI tools. This advanced technology enhances coding accuracy and efficiency, providing healthcare providers with the latest innovations in coding practices. - Mitigation of Coding Errors: Internal coding teams may have difficulty identifying and correcting errors, leading to claim denials and financial setbacks. Inadequate error management can also disrupt the billing process and impact revenue.
The experts' outsourced coding solutions help healthcare practices identify and rectify common coding errors. Their meticulous approach and solutions help prevent mistakes, reduce claim rejections, and improve the overall efficiency of the billing process.
Here are the latest trends in CPT and ICD-10 coding:
- Telemedicine Coding Expansion: Telemedicine services have grown, leading to the addition and adaptation of CPT codes specific to virtual care. Both CPT and ICD-10 are continuously evolving to include remote patient monitoring and digital health services for proper reimbursement.
- Emphasis on Quality Reporting Codes:CPT Category II and ICD-10 codes are increasingly used for quality reporting and performance measurement. These codes support value-based care models, tracking patient outcomes and enabling healthcare providers to optimize care while improving reimbursement under value-based contracts.
- Expanded Use of Z-Codes in ICD-10: ICD-10 Z-Codes, which capture social determinants of health (SDoH), are gaining prominence as healthcare providers seek to capture data on patients' socioeconomic conditions, which impact health outcomes and resource allocation for addressing broader patient needs.
- Bundled Payment Model Adaptation: The shift towards bundled payments for episodes of care is influencing how CPT codes are used. Providers are increasingly coding services under bundled care models, focusing on coordinated billing for patient outcomes rather than individual services, driving a need for accurate procedure coding.
- Chronic Disease Coding Expansion: ICD-10 is expanding its codes on chronic diseases, including diabetes, heart disease, and mental health. This enables more precise diagnosis tracking, ensuring better data for population health management, treatment planning, and payment processes for chronic condition management.
- Outsourcing for Specialized Coding: Healthcare providers outsource CPT and ICD-10 coding services to specialized companies, especially for complex areas like cardiology, gastroenterology, and oncology. This ensures the effective involvement of certified coders with niche expertise in complex coding, leading to improved accuracy and faster reimbursement.
What Our Customers Say
We have been working with Invensis for the past two years, and they have helped us overcome many revenue cycle management challenges. The team often walks the extra mile to ensure that our needs are met.
Invensis has been our revenue cycle management healthcare outsourcing partner for the past 5 years. They have always delivered on their commitments, whether it is meeting our Service Level Agreement (SLA) or improving our billing process.
Invensis has been a great partner providing quality medical coding and billing services. The team is extremely responsive to every query we pose, and the turn-around time for deliverables is always as committed.
Our eCommerce Store Management Services Cover Leading Platforms
This blog accounts receivable turnover ratio will introduce you to the basics of AR turnover ratio and how you can use it to better your balance sheet.
Read More ->
Trends and techniques in accounting are always changing, especially as new technologies emerge. SAGE has found that 90% of accountants think accounting is going through a cultural shift that favors technology.
Read More ->
.webp "Our Loan Processing Service Enabled a Leading Non-Prime Auto Financing Company Ramp Up Efficiency Levels")
To keep your RCM process well-oiled its important to follow the best RCM practices. Learn more about the best practices.
Read More ->
The efficiency of your RCM process depends on the practices you implement. Know about the most effective strategies to manage RCM.
Read More ->
Discover how Invensis revamped a healthcare practice's Revenue Cycle Management, leading to a remarkable 30% surge in revenue inflow.
Download Now->
Download Invensis Medical Billing & Insurance Claims Case Study on how a US-based physical therapy service provider boosts its efficiency.
Download Now->
Related Services
Contact Information
You can reach us at:
Request a Quote
Fill up the form and our team will get back to you within 24 hours.
