Unlocking Hidden Revenue with AI-Powered Medical Coding: Insights from the MediMobile and UnisLink Webinar
In our recent live webinar partnered with UnisLink on September 11th 2024, James Muir from UnisLink and Lauren Hall our director of business development explored the transformative power of AI in medical coding. Their discussion offered invaluable insights on how AI can streamline coding processes, enhance accuracy, and boost revenue.
Watch the archived webinar now:
Here’s a recap of the key takeaways from their conversation!
The Growing Need for AI in Medical Coding
James kicked off the webinar by discussing the evolution of AI in healthcare. “Artificial intelligence has become one of the most significant innovations in the healthcare space, particularly in revenue cycle management,” he stated. Muir stressed the importance of technology in tackling healthcare’s most complex challenges, particularly when it comes to medical coding, billing, and reimbursement.
Introducing Lauren Hall, Director of Business Development at MediMobile, Muir praised the advancements MediMobile has made in the field. “MediMobile is pioneering the shift towards automation in coding, and we’re seeing practices reap the benefits.”
Lauren elaborated on the current landscape, sharing that practices struggle with coding errors and inefficiencies. “We noticed early on that coding errors were leading to significant revenue loss for our clients,” she said. These challenges inspired the development of MediMobile’s AI-driven coding solution. “Our automated coding came because we saw the need for it due to the denials and inaccuracies our customers were experiencing.”
How AI Coding Works: From Documentation to Revenue
Lauren provided an in-depth look at how AI coding works within MediMobile’s system. “Our AI takes clinical documentation from the EMR, analyzes it, and assigns CPT and diagnosis codes based on the provider’s notes. The AI can also include modifiers and MIPS measures to ensure full compliance and optimal billing,” she explained.
James Muir highlighted the efficiency this brings to practices, stating, “AI integration is incredibly powerful. It works behind the scenes, but the impact is immediately visible—fewer coding errors, faster claims submission, and improved revenue flow.”
One of the webinar's focal points was how MediMobile's system gives coders flexibility. Lauren explained, “Billers and coders can either review and approve the AI-generated codes or let them pass through automatically. It significantly reduces their workload, especially on routine or simple cases.”
Addressing Common Concerns and Enhancing Accuracy
A common question in healthcare is whether AI will replace human jobs. Lauren addressed this concern directly: “AI is a tool to assist, not replace. The goal is to automate the repetitive, manual aspects of coding so that providers and coders can focus on the more complex, human-driven elements of patient care and revenue cycle management.”
She added, “AI also enhances accuracy. We are proud to report a 95% accuracy rate in our coding, which directly contributes to reduced denials and faster payments.”
James further clarified how AI fits into healthcare workflows. “AI allows practices to operate more efficiently, but human oversight remains essential for the cases that require a deeper understanding of nuance,” he said. “The beauty of MediMobile’s system is that it offers that balance—efficiency without sacrificing the human element.”
The Impact on Revenue and Operational Efficiency
One of the most compelling parts of the webinar was the discussion on the financial impact AI can have. Lauren shared that practices using MediMobile’s AI solution can see a 15-20% increase in revenue. “What’s exciting is that we’re seeing returns as early as one to three months after implementation,” she said. These gains come from enhanced coding accuracy, fewer denials, and overall efficiency in claims processing.
James weighed in on the operational side: “MediMobile’s AI frees up an estimated 10 to 20 hours a week for providers and coders. That time can then be redirected towards patient care or handling more complex cases that require a human touch.”
Lauren emphasized that the ultimate goal of MediMobile’s technology is to “eliminate manual charge capture from the provider workflow entirely.” This not only increases operational efficiency but also reduces the potential for human error in the coding process.
The Future of AI in Healthcare
Looking ahead, Lauren shared MediMobile’s vision for AI in healthcare. “Our AI platform, Genesis, is just the beginning. We’re taking our customers into the future with autonomous coding that will continue to learn and improve over time,” she said.
James Muir echoed the sentiment, adding, “The future of healthcare revenue management lies in automation. AI, particularly systems like MediMobile’s, will continue to push boundaries and redefine what’s possible in the healthcare space.”
Live Q&A Highlights
The live Q&A session revealed additional insights, particularly around how AI handles specialty-specific coding needs. Lauren clarified that MediMobile’s AI is built to accommodate various specialties, ensuring coding accuracy across different medical fields. “We’ve designed our system to learn the unique nuances of each specialty, so no matter what type of care your practice provides, the AI will make sure the correct codes are applied,” she explained.
Another significant topic was reconciliation and how AI ensures no encounters slip through the cracks. Lauren highlighted the system’s capability: “Our AI system integrates medical documentation feeds to make sure that every billable encounter is accounted for. This process reduces revenue leakage and boosts financial accountability.”
James wrapped up the Q&A by addressing AI's ability to scale with practices. “What makes AI so exciting is that it’s adaptable. Whether you’re a small practice or a large hospital system, AI can meet your specific needs and scale as you grow.”
Join us for future AI discussions
The webinar shed light on how AI-powered medical coding is transforming the healthcare industry. The insights shared by James and Lauren underscored the power of automation in driving revenue growth and operational efficiency. For healthcare practices, the move to AI is not just a step forward in technology but a strategic shift that can unlock hidden revenue, improve accuracy, and enhance patient care.
If you missed the webinar, the full recording is available on our website. Stay tuned for more discussions on how AI continues to revolutionize healthcare.
If you’re ready to get started with AI-Automation - join us for a personalized demo. Start by scheduling on our calendar below:
