The Smart Practice – The Jury Is Still Out on ICD-10

The Smart Practice – The Jury Is Still Out on ICD-10

Six Months (and Many Years) Later – Have The Promises Been Delivered? The road to ICD-10 implementation was longer than expected due to postponements (among other things). But now that ICD-10 has been on the books for a few months, it’s time to check on the code-set’s progress. From the beginning, the biggest ICD-10 adoption concerns for most practitioners were the potentially heavy investments of time and money in staff education and software upgrades, as well as the potential for...

If Meaningful Use Is the Question, Cloud EHR Systems Are the Answer

To say that Meaningful Use has been controversial and difficult for medical practices to navigate would be vastly understating the situation. In early November, the American Medical Association (AMA) and 111 medical societies sent a letter to Congress expressing dismay over CMS’s decision to move ahead with Stage 3 of Meaningful Use, given the “widespread failure” of Stage 2. The associations cite the fact that only 12% of physicians have been able to successfully participate in Stage 2, despite more...

New ICD-10 Software Guide: Interview with Gaby Loria of Software Advice

As we countdown to October 1, for many, readiness for ICD-10 will come down to the wire. Here’s the latest: Good news came July 6th when CMS announced a coding leniency contingency, stating that ICD-10 claims with errors will not be rejected if they bear codes from the proper family. The downside to this contingency is that it applies only to CMS, meaning that commercial payers will do what they will come Oct 1st. (see petition to President Obama) Surprising...

Meaningful Tips on Meaningful Use – EHR Audits Become Routine

By the end of 2013, CMS (the Centers for Medicare and Medicaid Services) had provided nearly $20 billion in meaningful use incentive payments to physician offices. However, as the CMS approaches its budget limit of $27 billion, evidence that it is implementing a greater number of audits is mounting. Doctors and health administrators should assume that the chance of being audited is going to be higher than normal in 2014. Consequently, they should begin preparing for a potential audit as...

It’s Time to Get Serious About ICD-10

The transition from ICD-9 to ICD-10 is a major one, and many practices continue to put off preparation. Some believe CMS will extend the October 2014 deadline, while others are occupied with other issues. At this point, it seems certain the deadline will not be extended, and there may be serious issues stemming from a lack of preparation: Because of the extension already given, CMS says there will be no grace period—claims using ICD-9 codes after 10/1/14 will be denied....