Transition Details on ICD-10!
We all know ICD-10 is approaching. As of October 1, 2014 the ICD-9 code sets that are used to report medical diagnoses and inpatient procedures were replaced with the ICD-10 sets.
Why is this transition taking place? Because the ICD-9 procedures limited patient data, pertaining to their medical conditions and hospital inpatient procedures. ICD-9 is also 30 years old; its terms are outdated, and inconsistent with current medical practices. The overall structure of ICD-9 puts limitations on the amount of new codes that can be created, and most categories are already full.
The downside of the implementation is that many industry experts anticipate that medical practices will require at least six months of cash reserves in order to survive the cash flow crush. Due to this vital prediction, EMR Billing Solutions has created a special team of experts, including professionals in international economics, medical billing, healthcare reform and operations. These experts will analyze and identify bottlenecks that our clients may face (if any) during the rollout of ICD-10.
Our team of experts concluded that our clients should rest easy, as there is very little to worry about with this new change. The apparent issue that could hinder your organization’s ability to survive the ICD-10 rollout is your provider’s inability to process coding requests. However, EMR Billing Solutions can easily identify any errors associated in provider’s notes with ICD-10. Once implemented, the healthcare providers will have improved options that ICD-10 codes can use to insure accurate charting, coding, and prompt payments.