Small medical practices will be facing tremendous pressure once ICD-10 is implemented. Due to lack of sufficient budget and skilled billers and coders, diffusing the burden of a new coding system will certainly make things difficult for them.
Why small practices will be worst hit?
Considering the above mentioned factors, impact of ICD-10 implementation is going to reduce cash flow and increase pressure on small practices as they lack finance and a skilled team of coders and billers. Striking a balance between internal testing of ICD-10 and provision of quality care within a limited time span has pushed small practices to outsource their billing and coding requirements.
Medicalbillersandcoders.com has a large team of expert billers and coders who offer assistance to small practices in a smooth transition to ICD-10. We not only help such practices find loopholes in their medical billing processes but also offer effective solutions to strengthen their revenue cycle management. Our team makes use of latest technology to handle your daily operations and offers vital services such as research, consultancy, payer interaction and HIPAA compliance.
MBC also assists in placement of well-trained coders and billers to mid-sized and small medical practices to increase their bottom line and enhance quality of care. Our aim is to ensure that small practices don’t lose out on their revenue due to pressure of ICD-10 and other stringent requirements.