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What you should know about ICD-10 codes ... Facts, Timing and Impact of IDC-10 Medical Codes
How will your practice quickly adapt to continuous regulatory changes?
Transitioning to ICD-10 CM/PCS will require a tremendous effort and may incur significant cost among private health care organizations. The root of the issue, as we have learned from the HIPAA Format 5010 transition, goes much deeper than merely upgrading billing staff acumen. It stems from legacy software systems that continue to function on outdated procedures and codes. As an industry we’ve learned that if a practice’s HIT partner cannot respond quickly and accurately to regulatory changes, both billing staff performance and payer collections are negatively affected.
Key takeaways from the format 5010 transition, ensure you're ready for ICD-10
- If a practice’s HIT partner cannot respond quickly and accurately to regulatory changes, both billing staff performance and payer collections are negatively affected.
- Billing technologies will need the capability of managing more than 120,000 new ICD-10 codes in a way that allows simple, accurate look-up and application of codes in a busy clinical setting.
- Detail provided in medical encounter documentation needs to be more comprehensive to support this much-expanded diagnosis coding and utilize the new ICD-10 codes.
- Effective software that can smoothly deliver the transition with minimal managerial disruption can give your medical practice a major advantage.
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