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ICD-10-CM is an advanced version of the diagnostic system developed by the World Health Organization, ICD-10. It has been modified to better suit U.S. healthcare standards with meticulous detail for morbidity classification and diagnostics specificity.
Included In This Course
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Certificate of Completion
Course Description
ICD-10-CM is a detailed diagnostic and morbidity classification system, developed by the World Health Organization, specifically tailored to meet the requirements of American health care. This system goes beyond its predecessor ICD-10 with an increased level of detail that provides greater diagnostics specificity necessary for proper medical coding in our nation.
Not only does the system provide procedural terminology, titles and language that accurately reflect current medical services in America, but it also consists of 68,000 diagnosis codes. Therefore, this training course is crucial for medical coders and administrators to comply with revised standards. Moreover, transitioning to ICD-10 is essential for many reasons – one being its widespread acceptance within the US healthcare industry. Due to its outdatedness, ICD-9-CM does not permit for equitable claims payments. With the same code assigned to significantly different procedures and limited coding options, DRGs cannot be accurately determined either. As a result, it is impossible for healthcare professionals to assess quality of care using this classification system.
Accurately assessing the efficacy of new treatments and medical conditions is difficult when there are not exact coding methods. Our primary focus should be to bolster our capacity for gauging healthcare services delivered to those in need, supporting clinical judgement, documenting public health developments, studying medicine and its effects on people’s lives, recognizing fraudulence or misuse of funds; all while restructuring payment systems so that costs remain reasonable.
When you’re ready to start your journey in the medical coding and billing profession, deciding which training program best suits your needs is essential. That’s why ITU’s online training program is the ideal option for those looking for comprehensive training on demand.
As a Medical Coder, you can work in almost any medical setting imaginable – clinics, hospitals, doctor’s offices and beyond.
Understanding key terms in medical coding and billing is essential for professionals in this field to ensure accurate and efficient healthcare administration.
Term | Definition |
---|---|
Medical Coding | The process of converting healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes. |
Medical Billing | The process of submitting and following up on claims with health insurance companies in order to receive payment for services rendered by a healthcare provider. |
ICD-10 | The 10th revision of the International Classification of Diseases, a medical classification list by the World Health Organization (WHO). |
CPT Codes | Current Procedural Terminology codes, used to describe medical, surgical, and diagnostic services and procedures. |
HCPCS | Healthcare Common Procedure Coding System, a set of health care procedure codes based on the American Medical Association’s CPT codes. |
EHR | Electronic Health Records, digital versions of patients’ paper charts. |
HIPAA | Health Insurance Portability and Accountability Act, U.S. legislation that provides data privacy and security provisions for safeguarding medical information. |
CMS-1500 | The standard paper claim form used by healthcare providers to bill Medicare carriers and medical equipment suppliers. |
Co-Pay | A payment made by a beneficiary in addition to that made by an insurer. |
Deductible | The amount paid out of pocket by the policyholder before an insurance provider will pay any expenses. |
Explanation of Benefits (EOB) | A statement sent by a health insurance company to covered individuals explaining what medical treatments and/or services were paid for on their behalf. |
Payer | The entity (insurance company or government program) that pays for the healthcare services. |
Provider | A healthcare individual or institution that provides medical services. |
Revenue Cycle Management | The financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. |
Denial Management | The process of investigating and resolving why an insurance carrier denied a claim payment. |
Compliance | Adhering to regulations and standards in medical coding and billing practices. |
Audit | A review of billing records and coding accuracy. |
Modifier | A code used to indicate that a service or procedure has been altered by some specific circumstance. |
Pre-authorization | A requirement that a health care provider obtain approval from a health plan to qualify for payment coverage. |
Charge Capture | The process of collecting all services, procedures, and supplies provided during patient care. |
These key terms are fundamental for anyone involved in or studying medical coding and billing, ensuring accurate healthcare administration and compliance with industry standards.
The Medical Coding and Billing 10 course is an advanced training program that deals with ICD-10-CM, a diagnostic and morbidity classification system developed by the World Health Organization and tailored to meet the requirements of American health care. The course provides greater diagnostic specificity necessary for proper medical coding in the United States and is crucial for medical coders and administrators to comply with revised standards.
Medical coders translate patient care into current procedural terminology (CPT) codes. Their primary responsibility is to ensure that the medical services provided are accurately coded. On the other hand, medical billers are responsible for creating a claim based on the codes a medical coder provides. Both roles are essential in the healthcare industry.
Entry-level positions typically require the completion of a certificate or an associate degree program in medical billing and coding. This course provides the training necessary to meet these requirements and prepares you for a career in the medical billing and coding profession.
You can get access to this training and over 2,500 hours of on-demand content with ITU Online’s All Access Monthly Subscription. You can start with a 7-day free trial with no obligation and can cancel anytime.
Yes, a career in medical billing and coding is considered a good choice. U.S. News and World Report ranked medical records technician (professionals that perform medical billing, medical coding or both) as #9 on its list of “25 Best Jobs that Don’t Require a College Degree,” #12 in “Best Health Care Support Jobs” and on the “The 100 Best Jobs” list.
The course provides an advanced understanding of the ICD-10-CM system, which is widely accepted within the US healthcare industry. The training is crucial for professionals to comply with revised standards and for healthcare services to be accurately assessed and documented. Moreover, it’s an essential step for transitioning to ICD-10, a requirement for many due to the outdatedness of ICD-9-CM, which does not permit for equitable claims payments.
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