Medical coding Coursework Example | Topics and Well Written Essays - 250 words

Medical coding - Coursework Example While similar studies could be done using data collection from other government services, it would take much more time to do so. CPT can help quickly summarize the data and highlight areas of high frequency or areas which have become important during the last few years. By following such an analysis insurers could be able to reduce their cost and their final price for the customers too. By pricing their insurance products according to occurrence rates for specific ailments, prices for certain insurance covers could be reduced. Also, insurers would be able to track the areas where the claim costs are highest and act accordingly. Finally, this analysis could help make forecasts and predict when certain events are more likely to occur and where – this could help plan resources to tackle such issues in time. 2) Extension to pharmacies and laboratories: CPT codes could be given extension to cover pharmacies’ and laboratories’ activities. The CPT could cover the entire Medication Therapy Management (MTM) services. This would prevent adverse dispensing events and the physicians would also be kept up to date on medical consulting/therapy that the patients have already received. Further, laboratories could also use the CPT codes just like physicians for reporting and managing their billing and services to patients. 3) Cross-country standardization: As CPT codes have standardized the healthcare and insurance industry practice in the US, an extension of these codes could be to set the standards internationally. With such standardization, sharing of best practices and faster dissemination of information across countries could be much faster and efficient. 4) Remote surgery protocols: CPT codes could also be helpful in conducting remote surgeries. Remote surgeries refer to physicians conducting a surgery from an offsite location using robot technology which is linked up through the internet. CPT codes could help by having standard