Preparation is the key to successful transition from the ICD-9 codes to the ICD-10 mandated implementation scheduled to commence on October 1st, 2013. Setting realistic, meaningful goals for 2012 will ease the stress of learning the new system by providing a soft launch of the new coding procedures. Busy practices are actively evaluating strategies to determine how ICD-10 transition will affect their organization; there is considerable trepidation about the new coding system. For many healthcare providers, medical billing management companies will play a vital role in preparing them for the ICD-10 implementation. The key is selecting the company with the optimal solution for you.
Preparing for ICD-10 in 2012:
1) When preparing for ICD-10, reduction of coding errors should be a priority. More and more physicians are outsourcing medical coding. HIS boasts a 98% clean claims rate, due in large part to the excellence of its medical coding team. This is in comparison to the typical clean claims rate of a practice when the office staff codes and submits its own claims- which is anywhere between 70-80%. Reliable, consistently clean claims implies strong coding procedures and accurate analysis of the claim.
2) Take advantage of a well designed training program: If your practice will be actively involved with billing and claims, HIS offers a Coding and Education program designed to familiarize your staff with medical coding procedures. Coding specialists are experts at adapting their knowledge of medical codes to meet the specific needs of your practice. HIS certified medical coders will work with your practice to ensure that coding and documentation are submitted timely and error free. Medical billing management means reduced stress, which facilitates the learning environment required for successful adaption to the new ICD-10 codes.
2012 should be used for a soft launch of the new coding procedures; the main objective to become familiar and comfortable with the different codes and protocols before they are mandatory. Individuals are more likely to accept the new coding procedures when confident in their ability to manage the changes.
