Implement ICD-10 Smoothly: Learn From Australia
With less than a month away from the nationwide implementation of ICD-10, it’s important to be thoroughly prepared. Perhaps one of the greatest ways to plan for a perfect implementation is to take a look at the history of ICD-10 around the world. (Save Money: Assess Your Medical Revenue Cycle Before ICD-10) In 1998-1999, Australia…
Medical Billing Services – Assess Your Medical Revenue Cycle Before ICD-10
Medical practices everywhere need to take a good hard look at their medical revenue cycle. The implementation of ICD-10 is around the corner and it’s expected to have a major impact on how revenue cycles are managed. Accounts receivable delays, rejections, and denial rates are all expected to peak. Payment variations that were once small…
Why You Should Ignore the ICD-10 ‘Grace Period’
Correct coding is essential in order to get your insurance billing claims paid. For twelve months after the ICD-10 coding updates, beginning October 1st, Medicare review trackers will not deny any incorrect claim made by a physician or practitioner as long as they were codes within the same family. But what defines family? Why is…
Get Your Claims Paid With a Certified Medical Coder
Every employee of a medical business has an excessive number of jobs they need to complete each day. With so many tasks at hand, it’s hard to guarantee claims are getting paid, and in a timely manner. Insurance billing claims use medical coding for reimbursement, and each individual server, insurance payer, provider type, and location…
The Importance of Correct Compliance Training for Your Practice
For virtually any medical practice, the word ‘compliance’ is – or should be – taken very seriously. The entangling and exhaustive web of regulations and statutes make compliance a must for any practice – which means it’s crucial to have everyone caught up on the latest rules and regulations. The alternative isn’t anything a practice…
How ICD-10 Changes Will Impact Orthopedic Practices
Medical Billing and Coding Services Update October 1, 2015 – if you’re a medical practice, you should have that date outlined in red on your calendar. That’s the day that upcoming mandatory medical coding changes – known as ICD-10 – will finally become implemented. ICD-10 is the culmination of a years-long process to update the…
