Medical coding is the transformation of healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes. The diagnoses and procedure codes are taken from medical record documentation, such as transcription of physician’s notes, laboratory and radiologic results, etc. Medical coding professionals help ensure the codes are applied correctly during the medical billing process, which includes abstracting the information from documentation, assigning the appropriate codes, and creating a claim to be paid by insurance carriers.
Medical Transcription is the process of converting medical dictations (digital voice) to textual format (usually in a word document). The voice files usually contain the voice of medical professionals, mostly physicians or their assistants dictating for a physician. They dictate notes on patient encounters and the same is made available in a digital format which a professional medical transcriptionist listens to and types (transcribes). The purpose of medical transcription is primarily two fold. The transcribed document serves as a medical record which the physician needs to produce to the insurance company in order to have his claim approved. Secondly every document serves as a legal document and can be used as evidence in favor or against the physician in case of a medical negligence filed by the patient.
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