Is your practice prepared for ICD-9 to ICD-10 Transition?
In October 2015 the number of codes will increase from 13,000 to 68,000. An increase by 5X.
Do you know how it will affect your practice?
According to the AMA these are the potential costs to your practice.What you will learn:
- Understand the difference between ICD-9 and ICD-10.
- Learn how ICD-10 will impact your practice.
- Find out how to decrease your risk.
Resources
Free Yourself From the Uncertainty of Medical Billing
(6396 KB) Find out how Nobility solves your billing problem and help you focus on your practice growth.How Does Nobility Pre-Funding Work?
(6710 KB) Be Proactive in your planning for ICD-10. Here’s the steps to take to be prepared.
The ICD-10 transition takes planning, preparation, and time, so medical practices should continue working toward compliance. The following quick checklist will assist you with preliminary planning steps.- Identify your current systems and work processes that use ICD-9 codes.
- Talk with your practice management system vendor about accommodations for ICD-10 codes.
- Confirm with your vendor that your system has been upgraded to Version 5010 standards, which have been required since January 1, 2012.
- Contact your vendor and ask what updates they are planning to make to your practice management system for ICD-10, and when they expect to have it ready to install.
- Check your contract to see if upgrades are included as part of your agreement.
- If you are in the process of making a practice management or related system purchase, ask if it is ICD-10 ready.
- Discuss implementation plans with all your clearinghouses, billing services, and payers to ensure a smooth transition.
- Talk with your payers about how ICD-10 implementation might affect your contracts.
- Identify potential changes to work flow and business processes.
- Assess staff training needs. Identify the staff in your office who code, or have a need to know the new codes.
- Budget for time and costs related to ICD-10 implementation, including expenses for system changes, resource materials, and training.
- Conduct test transactions using ICD-10 codes with your payers and clearinghouses.
Are you feeling ready to focus on patients and not on codes?
Are you collecting as much as you should be?
Don’t leave money on the table.
Find out how you are performing and how to get paid faster for all your services.