3 Simple Tips for Making Your ICD-10 Conversion Less Painful

The deadline for converting from legacy ICD-9 coding to the updated ICD-10 system is October 1, 2014. According to a study published in December 2013 by the Workgroup for Electronic Data Interchange, around 80 percent of providers have yet to begin testing. Some offices are waiting for software updates; others haven’t even begun the conversion process. There are some things providers can do to get ahead of the challenge and ensure ICD-10 compliance by October. Ask for Demos and Assistance Request...

Heathcare Megatrends: Prepare for the New Year [Medical Billing Tips]

With the New Year approaching, it’s a great time to step back and review overall strategy. We’ve got the perfect tool to help you with that: Manatt Health Solutions’ “10 Megatrends Shaping Healthcare’s Next 10 Years.” Manatt, a law firm with offices across the country, is predicting cultural, technological, and financial changes that merit consideration. How will these changes, assuming they materialize, affect your business in the next year or two? 1. Consumers take charge. As consumers gain access to...

Why You Don’t Have Enough Money in the Bank to Ride Out ICD-10

There are a slew of reasons the ICD-10 transition is going to be highly disruptive, but the worst news is that even providers who do everything right are going to experience cash flow issues. Earlier this year, Mary Mosquera from Medical Practice Insider wrote a great article drilling down into the financial implications of the changeover. The article quotes April Arzate, vice president of client services at revenue cycle company MediGain as saying there will be delays in reimbursement, regardless...