In: Nursing
1. a medical coding system is used for billing of the diagnosis, treatment and procedures peformed on a patient in a health care organization. there are specific codes with subcategories designed for each diagnosis, treatment and procedures performed in order to avoid any misinterpretation of bills.
cpt codes indicate current procedural terminology that codes the various diagnostic tests, treatment and procedures performed on a patient.
hcpcs codes refers to health care common procedure coding system that covers medical procedures and supplies not covered under cpt codes.
icd 10 indicates international statistical classification of disease and related helath problems codes and categorises disease conditions under subcategories with specific codes.
2. these medical codes have a money value that when send to the health insurance companies would be turned into a monetary value and reimbursed to the hospital and thereby the revenue is generated for the hospital.