END-TO-END REVENUE CYCLE SOLUTIONS
Pivot to ICD-10
The deadline of October 1, 2015 is fast approaching. The massive increase in codes and
the demand for increased specificity has made billing a burdensome task for providers.
It is vital that all your systems are ICD-10 compatible and your coders well trained to
endure the burden of almost 68,000 codes.
MBC has been playing a significant role in preparing it's clients for ICD-10 and helping
them in adjusting workflows once ICD-10 hits.
ICD-10 Codes and Costs
ICD-10 will see a dramatic increase in codes form 14000 to almost 68,000 and the
in-patient procedures will move from a 11,000 to 87,000. Given this enormous increase,
it is easy to comprehend the amount of efforts required for the conversion. These
efforts include the immense amount of money that will have to be spent in order to
become ICD-10 compliant. Expense for the conversion would range from a minimum of around
$100,000 to a million dollars.
No matter the huge costs incurred, there is no guarantee that ICD-10 will not
affect your process or burden your practice with slow reimbursements.
20%
Revenue
Boost
Revenue
Boost
OPTIMIZED RCM SOLUTIONS FOR MAXIMUM EFFICIENCY
Who We Are
The International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM) is a revision of the ICD-9-CM. Public health workers can use the ICD codes to watch for trends in health and track morbidity and mortality. ICD codes are used by insurers to classify conditions and determine reimbursement. ICD-10 has more than 68,000 diagnostic codes as compared to the 13,000 found in ICD-9. The new coding system includes double the categories and calls for more specificity in identifying treatment.
OFFERINGS
How to Choose a Biller
From claims submission to A/R management, we simplify your revenue cycle to accelerate
cash flow with our comprehensive service suite.
ICD-9 to ICD-10
A huge transition in the healthcare,
ICD-10 calls for an enormous increase
in the codes.
ICD-10 calls for an enormous increase
in the codes.
ICD-10 Training
Our training sessions can help you
prepare yourself in adopting the new
coding system.
prepare yourself in adopting the new
coding system.
ICD-10 E-book
A comprehensive e-book providing all
the information pertaining to ICD-10 for
an easier transition
the information pertaining to ICD-10 for
an easier transition
WHY CHOOSE US
Know how ICD-10 will affect you
- Widespread Impact: ICD-10 will affect every person and organization in U.S. healthcare, including Medicaid, Medicare, and anyone using medical diagnosis codes under HIPAA.
- Preparation Needs: Significant preparation, including staff training and software updates, is essential.
- Role of Clearinghouses: They must adapt to new coding for claims processing.
- Cost and Financial Impact: Implementation will be costly, with potential increases in denial rates (100-200%) and account receivables (20-40%) in the early stages.
OFFERINGS
How to Choose a Biller
Transitioning to ICD-10 need not be as difficult as it may seem. MBC has a team of well-trained ICD-10 coders who guarantee a smooth transition with zero loss of revenue and reduced number of denials. Our ICD-10 coders can help you analyze your revenue cycle which can prove useful in reducing the negative impact of ICD-10. Our services extend to getting you ICD-10 compatible and conducting test scenarios for your practice and fixing issues at various levels
MBC's expert ICD-10 coders are significant in strategizing your denial management in
order to mitigate revenue losses in your
practice and minimize disruption of cash flow.
Real Physicians, Real Results
Discover how physician groups thrive with us
We had no visibility into whether our IPA capitation payments were accurate. MBC's reconciliation process identified $138,000 in underpayments in the first quarter. That's revenue our prior vendor never even looked for.
Dr. S. Larsen
Wound Care Practice — San Diego, CA“I appreciate your prompt results on my Medicare inquiry. Dr. Ingrid Arnold and I appreciate the quality work that you and your team have provided to her practice. We had tried a couple of different insurance posting options, before we contracted with your company. We are delighted that we found your company to assist us. We find your reports timely and informative. I will recommend your services, without reservation, to any of our physician friends, who might be looking for a more reliable billing service”
Dr. Ingrid Arnold
DO | Mesquite, Texas“I want to thank you for your professional help during the past two years with our accounts receivable. I have absolutely nothing but appreciation for your company in helping us out with the jam we were in when our office manager suddenly quit. Since that time we have enjoyed an absolutely non-problematic relationship. Our experience with claims injury, handling insurance rejections, posting our payments, the account receivable process, patient statements, and the excellent service provided to my patients are greatly appreciated. I also sincerely appreciate all the help that you have given me and my staff and I wish you the best of luck in future endeavors.”
Dr. Larry C. Watson
MD | Houston, Texas“For the last 4 years, MBC has been an integral part of growing our counseling and Intensive outpatient programs. My team and I appreciate MBC's commitment to exceptional customer support, credentialing, and billing services.”
Dr. Allen
TexasRecord high collections this month for our Chiropractic Practice! Thank you MBC!
Dr.Faulds
AlabamaI just wanted to take a moment to say a big thank you for all the hard work you've put in over the past two years! Your efforts have really helped us transform our old accounts receivable into the impressive numbers we see today. I truly appreciate everything you do to keep our operations running smoothly all year round. Let’s keep up the great work together as we continue to tackle past claims and stay on top of the current ones.
Vadim Vartanov
Internal Medicine Associates of Jacksonville, FL“We truly appreciate the exceptional work you are doing. Dr. Martha and I are grateful for your dedication and commitment. Your availability, regardless of the time, has been invaluable to us. The outstanding results we've achieved are a testament to your efforts, and we hope to continue this successful journey together. Thank you for all that you do!”
Judith Cedeno
Podiatry Office Manager, FL“Just a note of thanks in appreciation of all your help. The credentialling process can be daunting but you and the team at MBC were awesome every step of the way. Communication was clear, the process moved efficiently and the service was stellar. Thanks again and I look forward to working with you on this journey.”
Dr. Michael Lacqua
Plastic & Reconstructive Surgeon, NY“Our billing was poorly organized with a poor collection rate before you took on our account, and you have worked diligently to find what can be paid and have organized our billing process, including the sometimes difficult workers comp cases which compose a lot of my billing. Your unflinching attitude to constantly find ways to improve our billing is beginning to pay off. We are optimistic that with continued improvements and refinements we will see a big boost in our collections, and we are looking forward to a big turnaround in our finances in 2025 working with you. Thank you for your unstoppable attitude.”
Dr. James Baker
Orthopaedic Surgeon | Knee and Hip - Stryker, TXHelp Us Understand Your Requirements
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