Hospitals and healthcare providers are facing increased changes in coding regulations. They are looking for well-trained coding and billing staff to maximize revenue and ensure readiness for ICD-10. This has broadened the job scope for coders and billers. However, in order to take advantage of current market conditions, coders will have to prepare themselves for handling billing and coding challenges post ICD-10.
This will help them grab an exciting job opportunity in a hospital or healthcare institution. They will have to be well versed with the required level of expertise and brush up their knowledge about the new code set through online resources for ICD-10. It will prove effective in increasing their physiology and anatomical knowledge and help them code for services with accuracy.
Industry facts
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Importance of ICD-10 training for coders and billers:
When compared to ICD-9, ICD-10 will be having 10 times the number of codes. This will require coders to enhance their knowledge of physiology and anatomy. The new code set will make medical terminology for coding more detailed. Coders will have to start working closely with doctors so that they remain updated on proper coding methods.
Once ICD-10 is implemented, there will be more codes to choose from. Use of superbills will be eliminated and providers will have to start investing in new technology that supports longer digit codes. This will also make training necessary for professionals. Documentation will have to be enhanced and more specificity will be required in code observations as ICD-10 includes more payment limitations. For this, billers will have to increase patient education on coverage changes. Billers and coders who have gone through extensive training on ICD-10 will be able to benefit more from the transition and handle their jobs in a more effective manner.
- Coders will have to reinvent themselves professionally to shoulder the burden of keeping the practices’ revenue flowing
- If they are working from home, they should access online courses to start preparing for ICD-10
- Coders must learn how to apply ICD-10-CM and ICD-10-PCS codes correctly on inpatient encounters
- They should know how to apply maps and crosswalks between ICD-9-CM and ICD-10-CM/PCS
Prepare for ICD-10 with MBC:
With MBC, medical billing and coding professionals can take advantage of updates and training materials that are shared for updating medical billers and coders on changes in the US health care industry. MBC shares ICD-10 related updates and helps coders build a strong base for latest coding updates. Through problem-solving webinars, transition tips for ICD-10, weekly updates, FAQs and coding practice forums, coders will not just learn about ICD-10 but also find a job in a reputed healthcare organization through MBC’s job board.
