What is the general effect of concurrent coding on the revenue cycle?

Concurrent coding generally enhances billing accuracy within the revenue cycle. This process involves coding medical records while the patient is still receiving care, which allows for real-time documentation of diagnoses and procedures. One of the primary benefits of this approach is that it provides coders with access to more complete and up-to-date information about patient care, leading to more accurate coding. When coders can clarify any uncertainties while the patient is still in the facility, this significantly reduces the likelihood of coding errors that might occur if they were relying solely on post-discharge documentation.

This real-time coding helps to ensure that the claims submitted to payers reflect the services actually provided, resulting in fewer denials due to coding discrepancies. Enhanced billing accuracy translates to more timely and appropriate reimbursement for healthcare services, thereby positively impacting the overall revenue cycle.