ICD-9 has been used in the United States since 1979, but effective October 1, 2015, health care providers will be required to transition to the tenth version of ICD (ICD-10). This new code set will result in the ability to report and track much more specific data related to patient diagnoses. For physician services, the […]
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The International Classification of Diseases, 10th Edition (ICD-10) consists of two components; (1) ICD-10 CM for diagnosis coding and (2) ICD-10 PCS for inpatient procedure coding. Current Procedural Terminology (CPT) codes will continue to be utilized by provider practices for procedure coding. Therefore, our focus is on ICD-10_CM diagnosis codes used to report diagnoses. Diagnosis
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In today’s market, medical groups and health care organizations can choose from a multitude of solutions to manage their revenue cycle and associated functions such as billing, coding and reporting. A robust reporting tool as a part of a revenue cycle solution is crucial to optimizing the financial health of a practice and offers insights
Tips for Medical Practices & Organizations Evaluating Reporting Solutions Read More »
EHRs help practices provide high quality care while optimizing revenue and efficiency. At PracticeMax, we offer a variety of EHR solutions that are ICD-10 enabled to help ensure a smooth transition. eClinicalworks EHR System ICD-10 compliant ICD-10 search feature to help providers find an ICD-10 code with ease NextGen Ambulatory EHR The correct ICD-9 or
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PracticeMax is helping clients successfully navigate the transition to ICD-10 utilizing a team of experts including certified coding professionals. The multidisciplinary approach includes cross functional teams representing PracticeMax Senior Leadership, Billing, Coding, Compliance and Contracting Departments. PracticeMax supports and manages many aspects of the transition including but not limited to: Introduction of new tools such
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“Road to 10” by the Centers for Medicare and Medicaid Services (CMS) CMS has created “Road to 10” to help you jump start the transition to ICD-10. Built with the help of small practice physicians, “Road to 10” is a no-cost tool that will help you: Get an overview of ICD-10 Explore specialty references from
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The transition to ICD-10 will impact many areas of the medical practice as illustrated by the graphic below from the American Association of Professional Coders (AAPC).
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As many in the health care industry are acutely aware, the International Classification of Diseases 9th Revision (ICD-9) diagnosis code set is being replaced with ICD-10. This change will have a significant impact on almost every aspect of physician revenue cycle management and coding. On April 1, 2014, the Protecting Access to Medicare Act 2014
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What are some of the overlooked unforeseen costs of implementation? Practices may secure cash flow savings or a line of credit to help weather the storm during the transition; it is suggested that practices have a minimum of the equivalent of 30 days of operating capital on hand Measure and budget for money and time
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PracticeMax prepared a series of frequently asked questions about ICD-10 and its impact on physician and provider practices. What are the main points of consideration for a practice postponing preparation, besides not getting paid? Transition is mandates by law Inability so submit claims What are three advantages to using a revenue cycle management partner like
ICD-10 Preparedness Considerations from the Health Care Solutions Advisor POV Read More »