ICD-10 will be reshaping the coding and documentation procedure to a great extent and failing to prepare for the same will result in lost revenue. Poor quality documentation and coding will not just affect providers but it will also have a negative impact on payers and patients. One of the best ways to start preparing […]
Transition to ICD-10 will be a lengthy and complex task for providers who are not prepared to meet the challenges. Switching to a new coding system will not only affect different departments within a practice but investment of time and money will also be required for personnel training and system testing before October 2014. Challenges […]
Electronic Health Records (EHR) or Electronic Medical Records (EMR) is a group of applications designed to enhance the efficiency and productivity of medical record keeping. With increasing complexity in coding and billing process as well as introduction of ICD-10 codes with 124,000 more coding options that the previously used ICD-9 codes, digital data recording has […]
Is your practice ready for ICD-10? Resources are being developed by CMS to help healthcare industry implement ICD-10 but if your practice has not yet started prepping, transition to the new coding system will have a major impact on your reimbursement. With little less than a year left before the mandated shift, small or large […]
Healthcare reforms have not only increased workload but also forced physicians to concentrate on quality patient care. This leaves them with less or no time to handle the medical billing procedure. When compared to maintaining a regular in-house billing system, outsourcing is more beneficial in boosting efficiency and cash flow of medical practices. From increasing […]
With the introduction of HIPAA 5010 federal mandate and inclusion of ICD-10 standard for electronic billing processing, there is an immediate requirement for skilled manpower to process your Optometric medical billing claims. If accurate billing is not done as per new codes of ICD-10, your Optometric practice can face major revenue losses. Moreover, if proper […]
There’s a joke “The best day in chiropractors life is the day when she gets a computer, and the next best day is when she gets rid of it”. This joke surely gives a glimpse of the increased administrative work involved in the chiropractor’s work routine. Chiropractors need to focus on patient care rather than […]
The US health care system has undergone major reforms in the last few years. This includes adoption of new healthcare IT reforms such as EHR (Electronic Health Records) and EMR (Electronic Medical Records). It has also changed the way physicians are reimbursed. The cuts imposed on Medicare leaves doctors with reduced revenue resulting in negative […]
Healthcare is an evidently developing industry, compared to many other significant industries. As the requirement to meet the needs of the patients, aging population care, and medication safety is increasing, so is the relative importance of health care. The healthcare division is offering more jobs and according to industry statistics has contributed for more than […]
United States is on the verge of a major billing and coding reform – the introduction of ICD-10 in particular marks the beginning of the most robust, effective and efficient system of billing and coding ever to have been followed. While providers and payers will benefit from progressive changes, medical billers and coders will have […]