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Graduates, Post Graduates Recruitment
For Medical Coding

Date: 23 October 2010
Venue: Ashirbhavan, Kacherippadi, Banarjee Road, Ernakulam


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Medical Coding at RevenueMed

About Company

RevenueMed is the global leader in healthcare-related business process outsourcing, offering distinctive value to all participants in the healthcare revenue cycle, including both providers and payers. RevenueMed is headquartered in Atlanta, GA, with captive production centers in India and a total workforce exceeding 1200 staff.

About Medical Coding

Medical coding is the process of converting descriptions of medical diagnoses and procedures into universal medical code numbers. The diagnoses and procedures are usually taken from a variety of sources within the medical record, such as the transcription of the doctor's notes, laboratory results, radiologic results, and other sources. Medical Coders convert the physicians note into codes that is utilized by the insurance providers in compensating the health care provider.

RevenueMed Training

RevenueMed offers an opportunity to learn the required skills from a team of experts from India and the US. We have a track record of training about 150 people for both American Academy of Professional Coders (AAPC) and American Health Information Management Association (AHIMA) examinations leading to a global career.

RevenueMed Course

• Basic Training : (2 months)
• US Healthcare Financial System
• Health Insurance Portability and Accountability Act (HIPAA)
• Medical Terminology
• Human Anatomy and Physiology.
• Specialty / Advanced Training. (2 months)
• Basics of International Classification of Diseases
• Basics of Current Procedural Terminology.
• Encoder Training
• Specialty Specific Training

US healthcare reform bill an opportunity for Indian SMEs
In March this year, the US has passed its key healthcare reform bill. This move has brought a lot of cheer among offshore healthcare providers in India. Under the legislation, health insurance in US will be extended to all its nationals, new taxes will be imposed on the wealthy and all non-complying insurance practices will be outlawed.
This would expand the coverage to 32 million currently uninsured Americans. Sensing a big opportunity, Indian offshore healthcare providers expect to receive significant orders from various healthcare institutions from US.
For small and medium enterprises, this could be heartening news. And they have already started work to grab a larger pie of it. Chennai-based Omega Healthcare Systems , one of the major service providers, expects to gain 15-20% additional business from US, mostly from hospitals, clinics, healthcare centres, practitioners and medical institutions.
“The gain will be gradual, but as more Americans are covered under some sort of health insurance, the administrative burden increases and Indian healthcare offshore providers will benef it immensely,” says Gopi Natarajan, co-founder and CEO of Omega.
Most of the opportunities lie in medical coding, medical billing, medical claims review, accounts receivable and claims followup, collection management, and other backend services. Omega is upbeat about a 20% additional growth in business from the US once the Healthcare Reforms Bill comes into effect.
Currently, the company is servicing 80 clients in the US in the areas of medical coding, accounts receivable management and data entry into software and practice management systems. This would germinate many small or big opportunities for service providers and trigger to upgrade their inner potentials.
As put by industry experts, the Indian healthcare offshore industry that is pegged at around $250 million is set to grow up to $400 million by 2012. More than 175 small and medium ranged firms in India sweat it out to deliver their best to US clients at cost-effective prices and in quick turnaround time. It is estimated that the top 10 firms contribute about 75-80 % of total business. The potential is huge, as only 8% of the work that can be offshored is in India, and that’s why many new units seek to enter the segment.
US healthcare industry is estimated to be worth about $1.8 trillion, with about 250 million people already covered under health insurance. The proposed healthcare reform bill will bring an additional 32 million people under the health cover, thus expanding the total medical off-shoring business. Also, the government is planning to go for digitisation by 2014, in order to be accessible online for all its insurance and healthcare services data.
Under this, all healthcare institutions- private or public- have to comply with the rule, which in turn, will generate new employment opportunities for India. Acting on it, Ahmedabad-based Contech Services , a major player in the digitisation segment from India, expects to gain more than 30% business orders from US in next year.
Opportunity in Medical Coding

Medical Coding
Medical classification, or medical coding, is the process of transforming descriptions of medical diagnoses and procedures into universal medical code numbers. The diagnoses and procedures are usually taken from a variety of sources within the medical record, such as the transcription of the doctor's notes, laboratory results, radiologic results, and other sources. Diagnosis codes are used to track diseases, whether they are chronic diseases such as diabetes mellitus and heart disease, to contagious diseases such as norovirus, the flu, and athlete's foot. These diagnosis and procedure codes are used by government health programs, private health insurance companies, workers' compensation carriers and others.
http://en.wikipedia.org/wiki/Medical_classification

ICD
The International Statistical Classification of Diseases and Related Health Problems (most commonly known by the abbreviation ICD) provides codes to classify diseases and a wide variety of signs, symptoms, abnormal findings, complaints, social circumstances, and external causes of injury or disease. Under this system, every health condition can be assigned to a unique category and given a code, up to six characters long. Such categories can include a set of similar diseases.
The International Classification of Diseases is published by the World Health Organization (WHO) and used worldwide for morbidity and mortality statistics, reimbursement systems and automated decision support in medicine. This system is designed to promote international comparability in the collection, processing, classification, and presentation of these statistics. The ICD is a core classification of the WHO Family of International Classifications (WHO-FIC).
The ICD is revised periodically and is currently in its tenth edition. The ICD-10, as it is therefore known, was developed in 1992 to track mortality statistics. ICD-11 is planned for 2015 [1] and will be revised using Web 2.0 principles.
http://en.wikipedia.org/wiki/International_Statistical_Classification_of_Diseases_and_Related_Health_Problems