Global Coding Operations and In-House ICD-10 Training Academy to Address Coder Shortage
NEW YORK, Sept. 26, 2014 /PRNewswire/ -- AGS Health (AGS), a leading global revenue cycle management company that provides medical coding and billing services to large physician practices, leading hospitals and health systems nationwide, will showcase its coding solution at AHIMA 2014 in Booth # 1610.
"As a premier provider of revenue cycle management, we understand the critical role that coders play within the entire RCM process," AGS CEO Devendra Saharia said. "The current labor pool shortage has created significant challenges for healthcare providers across the country in light of both the impending ICD-10 conversion as well as the increased compliance demands stemming from the passage of the Affordable Care Act."
AGS has addressed this critical issue by building a rapidly growing operation of over 500 coders across multiple specialties and facility coding, and by developing a world class in-house ICD-10-CM Training Academy. The Academy is led by an in-house team of experienced, AHIMA-certified ICD-10 trainers in the US and India. AGS' commitment to experience and quality has been integral to its readiness for the ICD-10 conversion, for which the company began preparing in 2011.
AGS' coding solution has enabled the following successes:
- AGS identified CDI opportunities for a 700-bed medical center, resulting in a 6% increase in reimbursable inpatient charges, which translates to over $225,000 in potential monthly collections
- The ease of transition to AGS coders allows hospitals who are currently struggling with staffing issues to move 50-100% of their coding to AGS' remote coding solution. AGS coders make an immediate impact on DNFB; one facility was able to reduce DNFB from over $10 million to less than $50,000
- AGS' scalability allows customers to transition at whatever pace needed to meet their needs. Several healthcare organizations scaled their coding operations within four to five weeks and AGS was able to reduce backlogs very efficiently, quickly and cost effectively.
About AGS Health
Headquartered in New York, NY, AGS Health is an analytics-driven, technology-enabled revenue cycle management and coding company providing services to leading healthcare providers across the U.S. With over 2,000 employees based out of their offices in the US and India, AGS Health combines the best analytical minds, deep healthcare knowledge and smart technologies to create tangible and positive impact on their clients' bottom lines. For more details, please visit http://www.agshealth.com
SOURCE AGS Health