RECOGNIZED FOR ITS SIGNIFICANT ORGANIC REVENUE GROWTH, MARKET IMPACT, AND VISION AND CAPABILITY
Date: Oct 25, 2022, Dallas, TX. Access Healthcare, a leading provider of end-to-end healthcare revenue cycle, process automation, and information technology services, announced that Everest Group named the company a "Leader" Medical Coding Operations PEAK Matrix® Assessment 2023.
Medical coding involves assigning industry-standard codes to diseases, injuries, treatments, and procedures that healthcare providers perform. As the common language between payers and providers, medical coding drives accurate billing and reimbursements and provides insights into care quality. As the market shifts from fee-for-service to value-based care models, the adoption of telehealth, and remote patient monitoring, the complexity of the medical coding process is increasing. With the aging population and consequent rise in the incidence of chronic diseases, medical coders are in increased demand and short supply in the US, leading to increased adoption of outsourcing.
The 2023 Medical Coding Operations PEAK Matrix® Assessment report, which evaluates 22 service providers based on market impact, vision, and capability, places Access Healthcare as a leader based on these parameters.
"We are proud of the recognition as a Medical Coding Operations by the Everest Group. Our goal is to deliver coding services that free up healthcare providers' time to focus on delivering high-quality care. I am grateful to our HIM and Coding team for their focus on supporting our clients through the tough pandemic phase and then scaling up to address the multi-year labor shortage", said Anurag Jain, Chairman & CEO of Access Healthcare
Access Healthcare focuses on bringing technology-enabled transformation to healthcare providers and reducing administrative costs by utilizing automated workflows and a robotic process automation engine, echo. The company has strategically invested in autonomous and computer-assisted coding (CAC).
"Administrative costs account for over 17 cents on every dollar spent in the healthcare industry, and Medical Coding accounts for a large chunk of these costs. Our tech-led approach, deep domain knowledge, continuous innovation, and global delivery enable our clients to reduce the costs of collections. Through the challenging pandemic phase and after, our team has emerged as a trusted partner, respected for our knowledge, commitment, process rigor, and technical capabilities. I thank all our team members for their commitment and our customers for their continued trust in us," says Vardhman Jain, Vice Chairman of Access Healthcare.
Access Healthcare's coding capabilities include inpatient (IP/DRG), outpatient, pro-fee, emergency department, risk adjustment (HCC), home health, and hospice coding. We support our clients by establishing and running coding outsourcing programs, providing coverage for backlogs and overflows, supporting facility and physician-specific clinical documentation improvement initiatives, and enabling process standardization and system migrations.
About Access Healthcare
Access Healthcare provides business process outsourcing, applications services, and robotic process automation tools to hospitals, health systems, providers, payers, and related service providers. The company operates from 19 global delivery centers in the US, India, and the Philippines. Their 24,000+ staff is committed to bringing revenue cycle excellence to clients by leveraging technology, emerging best practices, and global delivery. Based in Dallas, TX, the company supports over 400,000 healthcare providers through 85+ clients, serving 80+ specialties, processing over $70 billion of A/R annually, and ascribing medical codes to over 30 million charts annually.
With over 3,500 virtual bots in operation, Access Healthcare's proprietary robotic process automation platform helps its clients improve efficiency. Access Healthcare is HITRUST, PCI DSS, SOC, ISO 27001, and ISO 9001 certified, providing security, availability, and confidentiality of sensitive health information. For more information, visit www.accesshealthcare.com.
Media Contact:
Regan Mosher