5 Coding challenges that can make or break a healthcare organization’s financial future

The Revenue Cycle Management landscape presents providers with a challenge at every turn. Whether it’s a perpetual issue, such as a lack of qualified personnel, or an unprecedented phenomenon, like a global pandemic that led to sky-rocketing demands, hospitals and healthcare facilities are fighting an uphill battle for operational efficiency. 

Coding is one integral part of RCM in which complications often arise. Coding issues involve constantly evolving factors that can break a healthcare organization’s financial future. In this piece, seasoned experts will dive into details on the five coding hurdles that organizations must identify and address in order to ensure a streamlined and effective coding process. 

 Coding SMEs will discuss typically demanding tasks, such as coding to the highest specificity, and coding updates, including the recent 2023 ICD-10-CM updates. Additionally, human errors and missing data in coding and how they can greatly affect the timeliness of a claim submission will be highlighted. Lastly, the piece will close by addressing the scarcity of credentialed coding resources, providing some guidance on how to approach and resolve the obstacle.