Especially after the inception of ICD-10, Health Information Managers and hospital CFOs are considering to outsource their billing requirements. Almost synonymous to subcontracting, outsourcing your medical billing requirements comes as an option at an age where tightened budgets, unrealistic deadlines and large chunks of data are getting difficult to be managed by the health care … Read more3 reasons why you might want to hire a Medical Billing Company
On October 1, 2015, the long awaited ICD 10 codes finally replaced the ICD 9. This has happened after two years of delay from the initial set date of October 2013. So one might think why exactly do we need ICD 10 codes if ICD 9 had been faithfully working all these years? The answer … Read more5 reasons why ICD 10 is important for your billing practice
ICD 10 codes are the 10th revised set of codes of International statistical classification of diseases and related health problems, better known as the ICD. These codes are classified according to the World Health Organization guidelines. These codes are used to diagnose diseases, external injuries, signs, symptoms and other patient complaints. ICD 10 codes have … Read more10 Most Confusing ICD 10 Codes that you Might not be Aware of
ICD-10 has gained tremendous importance in medical billing industry because of its huge impact on the worldwide medical practice. Effective since October 1, 2015, this change in coding system has also brought a change in your actionable due to which a disturbance in the cost analysis can be noticed. Without investing your time, efforts, money … Read moreWhy are your costs affected after the ICD-10 transition?
Halloween witnesses this time the recently laid ICD-10, and you will find how interestingly ICD-10 relates to dealing with some scary Halloween characters by describing them in strange codes. Ever since its inception, ICD-10 has creative a good and chilling experience among its audience. It will surprise many of us when it can influence so … Read more5 Scary Things You should Know: What ICD-10 does to your Halloween
Health care providers are witnessing a startling change in their functioning these days. By order, all health care entities, recognized under the Health Insurance Portability and Accountability Act (HIPAA) 1966 need to implement a new coding system for services. The existing system, International Classification of Diseases, Ninth Revision (or ICD-9) will be replaced by the … Read moreRecent Trends in Medical Coding: ICD-10 goes live this October
Complying with the new-age health care costs and pressing concerns about the quality and deliverance of health care services, a major section of health insurance purchasers are paying attention to customer-focussed plans that can help in reducing costs and improving quality. While we can observe a steady uprise in enrolment of consumer-directed health plans, it, … Read moreCustomer Oriented Strategies that help in Improving Health Benefits and CDHPs
Outpatient Coding, undoubtedly, forms an integral part of the medical coder system. In technical terms, outpatient coding can be defined as the process of allocating universal numeric codes to the different diagnoses, treatments and procedures, subject to patients who have been treated and discharged within the initial 24 hours. Besides serving as a statistical record, … Read moreThe Prerequisites for Tackling Outpatient Coding Denials
The world of media has, more than often, acted as the spokesperson for “all those poor patients who have been struck with the chronic pain of making medical bill payments, forcibly by the heartless medical parasitic fraternity.” But, recent studies portray a different picture, showing a substantial number of private practices facing negative impacts due … Read moreThe Ultimate Guide to an effective Medical Billing Process
President Obama signed the HITECH Act in which it stated that every medical practitioner; be it doctor, nurse, clinics and hospitals in America should start using EHR (Electronic Health Record) practices. The Act also provisioned a reward of $30 billion in the form of incentives to the providers and hospitals who sufficiently met the target … Read moreEHR’s Phase 3 Under way: A failed Revolution?