5 Common ICD-10 Errors Hospital Coders Need to Avoid |
ICD-10 is round the corner, forcing hospitals and private practices to achieve compliance and reduce its impact on their revenue cycle. Experienced and certified coders are being hired to ensure that coding errors post ICD-10 implementation don’t affect their timely reimbursements. The demand for well-trained coders has increased because providers don’t want inaccurate coding to disrupt the cash flow.
Industry facts:
The conversion to ICD-10 will cost the healthcare industry between $475 million and $1.5 billion over ten years due to staff training, change in systems and loss of productivity |
As per a survey by Black Book, the number of hospitals outsourcing coding and clinical documentation services will grow before 2015 ICD-10 transition |
Clinical documentation (vital for accurate ICD-10 coding) will be outsourced by 71% of hospitals by October 01, 2015 |
Clinical documentation (vital for accurate ICD-10 coding) will be outsourced by 71% of hospitals by October 01, 2015 |
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ICD-10 Errors that Coders Need to Avoid
Here are the five common ICD-10 errors that hospital coders need to avoid
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How Prepared are you for the CPT 2015 Upgrade? |
CMS recently announced the CPT coding changes for 2015. Approximately 500 coding changes will go into effect from January 01, 2015. In order to obtain timely reimbursement for the rendered services, providers are looking for experienced coders who are well-trained in handling these changes.
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News Feed |
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The American Hospital Association and six other organizations representing hospitals have sent a letter to congressional leaders urging them to avoid any further delays of the transition to the ICD-10 coding system
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According to the CMS, inaccurate use of CPT codes can result in the greatest number of improper payments for physicians |
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