Medical Billing Services in 2022 - Changes to Expect
                             Medical Billing Serv i c e  s   i n 2022 - Changes to 
Expect
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 Medical Billing Services in 2022 - Changes to Expect
Due to the COVID pandemic, hospitals had to operate on tight margins 
and extract the maximum out of the revenue cycle more than ever. The 
pandemic highlighted the importance of medical billing services all the 
more as it had become a struggle to keep up with the testing and 
immunization records. The post-COVID healthcare industry will be 
much more complex than earlier. In the coming year of 2022, this will 
result in the introduction of key technologies and process innovations 
to improve business outcomes.
 
There have been a few recent changes that have impacted the 
medical coding and billing industry significantly. Let’s understand 
these changes and how they might affect 2022.
 
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     Medical Billing Services in 2022 - Changes to Expect
• Adding COVID-19 Codes
• Transitioning to New ICD Systems
• Replacing Medicare Physician Fee Schedule
• Increased Automation
• Increase in Use of Artificial Intelligence
• Aligning EHR Software
•  
https://www.247medicalbillingservices.com   |   +1 888-502-0537
     Medical Billing Services in 2022 - Changes to Expect
Changes in Medical Billing Industry Statistics and Outlook
 
According to the Bureau of Labour Statistics, employment in the field 
of medical billing is expected to grow by 8% on a national level in 10 
years, from 2019 to 2029.
Family healthcare insurance plans have moved to a higher-deductible 
model and consumers will be able to use their Health Savings 
Accounts (HSAs) for covering the costs.
Patients have become more aware of their payment responsibilities 
and generally want to know their bills upfront considering the growth of 
electronic payments. Unfortunately, traditional medical billing may 
delay the collection process by as much as 30 days. The industry is 
coming up with new payment models such as 
Revenue Cycle Management (RCM) which can help manage patient 
payments easily and streamline the whole process.
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Medical Billing Services in 2022 - Changes to Expect
Conclusion:
Outsourcing medical billing to another company helps providers 
focus more on patients, increase productivity, and reduce burnouts. 
It enables providers to allocate their resources in other aspects of 
their business. Plus, these companies who take up the outsourced 
work are compliant with the current healthcare regulations and strive 
to ensure steady growth. Outsourcing help businesses lessen their 
burden as they take care of all aspects of revenue cycle 
management, manage the accounts receivable, and timely 
submission of claims for reimbursements.
 
Consider choosing 24/7 Medical Billing Services for all your needs. 
Simplification of your billing, dedicating resources to payer 
reimbursements, and ensuring the accuracy of claims; everything will 
be taken care of!
https://www.247medicalbillingservices.com   |   +1 888-502-0537
   Medical Billing Services in 2022 - Changes to Expect
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing 
service provider catering services to more than 43 specialties across 
the entire 50 states. You can rely on us for end-to-end revenue cycle 
management. We guarantee up to 10-20% increase in the revenue 
with cost reduction of your practice for up to 50%. 
Media Contact:
Hari Sudan, 
24/7 Medical Billing Services,
16192 Coastal Hwy, Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
https://www.247medicalbillingservices.com   |   +1 888-502-0537