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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

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 Training
Our training sessions can help you
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

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.

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