HealthLeaders Media September 13, 2023
There are over 300 changes you need to know.
KEY TAKEAWAYS
– Knowledge of coding updates is essential for everyone from the biller to the revenue cycle leader.
– The 2024 CPT code update includes hundreds of new codes and a push for more inclusivity for certain patients.
As denial prevention and accurate reimbursement weigh heavy on revenue cycle leaders, staying up to date on code updates minimizes these challenges greatly.
Having teams report incorrect or outdated codes can result in claim denials, delays in reimbursement, and revenue disruptions.
While coding seems like merely a middle revenue cycle task, accurate reporting also impacts financial reporting and analysis as it affects resource allocation, budgeting, and strategic planning. In this sense, incorrect...
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