The reason for the outsourcing boom is largely economic. Outsourcing helps you in saving a substantial amount of money without compromising for the quality of work. This remains most instrumental in the boon of the outsourcing business. Be it Business Process Outsourcing or Knowledge Process Outsourcing, the concept remains the same: high quality work at reduced rate within a specified turn-around-time. This is no exception for medical coding.
According to the statistics published by American Academy of Professional Coders (AAPC), a certified U.S medical coder charges as high as $39,000 per year within his first two years of work. In an annual survey by American Academy of Professional Coders (AAPC) in 2005, brings to light the fact that a medical coder with about 10 years of experience charges around $45,000 annually. Education plays an important role in deciding the charges of the coders. A U.S medical coder with a master's degree charges $58,000 annually on an average.
Medical coding is an integral part of medical reimbursement process and can not be overlooked for a successful medical reimbursement. Outsourcing comes as the only viable option and relief from these ever mounting costs of medical coding. At the same time, outsourcing of medical coding projects ensured same high quality work within specified turn-around-time. Another survey on outsourcing of medical coding projects shows that outsourcing medical coding projects can save you at least 40% to 60% of your total medical cost. This reduction can no doubt increase your share of profit, but the quality of work can not also be overlooked.
The medical coders of Promantra are certified by American Academy of Professional Coders (AAPC) and holds years of experience in medical coding. Further, our medical coders comply with the ICD-9-CM Official Guidelines for Coding and Reporting, AMA Guidelines from CPT-4 Code Manual and CMS (HCFA) Guidelines. Our coders also comply with the regulations of HIPAA in order to meet the set standards of Patient Health Information (PHI).
With an infrastructure certified to the international standards of ISO 9001:2000 and ISO 27001:2005, we assure complete data protection for the client. With years of experience in delivering high quality work within turn-around-time, Promantra medical coding service assures you the full advantage of outsourcing. Find a considerable reduction in your costs along with minimal denials by outsourcing your medical coding projects.
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