ICD-10 Coding: Did You Prepare For It?

By now, your healthcare establishment has seen the effects of ICD-9 moving to ICD-10. It has been a drastic change that “rocked” the healthcare industry by storm. Did you know that a lot of people are still having trouble trying to figure out how to make their billing more effective?  This year, many healthcare companies are choosing to outsource their medical billing.  I think that it’s a great idea to do so because you often learn a lot from your past through it. If you are the kind of person that wants to see quick results, it is best to ask a lot of questions. ICD-10 has a lot of information in it that a coder must learn. It is important to have your ICD-10 certification before you work for a facility.  If you are the doctor looking for a biller/coder, make sure that they have their certification and years of experience. Most medical doctors feel connected to their billers after some time.  Did you know that a biller is the “lifeblood” of every medical office? You are responsible for generating all of the income that comes into a facility?  Without you, a doctor’s office can close down no matter how good the doctor thinks that they may be. Today, medical billing has a lot to do with who we are and what we are capable of achieving. It is important to have a positive mindset when it comes to billing. A lot of people say that medical billing and coding has a positive outlook on life for several different reasons. I think that a good medical billing plan…

Medical Coding Companies That Offer Amazing ICD-10 Services

When it comes to medical coding, it can be an extremely difficult task for a busy office.  It is not easy to manage both patients and medical billing on a day by day basis.  The documentation that is necessary to complete your billing takes time and has to be done on time.  If not, you should expect to receive tough financial issues.  We are living in the 21st century and things are a lot different than they were in the 20th century.  For starters, most medical billing today is being outsourced to companies that do this 24/7. As you can imagine, it takes lots of time to find the appropriate codes.  It gets expensive if you have to hire a medical coder and biller in house.  You also need to worry about software. What kind of software are you going to use?  Are you sure it works with ICD-10 coding?  When you outsource your coding, the process becomes easier for you.  You can also expect the outsourced company to get less claim denials since you are paying them a fee. They also work harder for you because they know that you will fire them if they don’t produce good results for you. They also won’t get paid because they often work on a percentage scale. You will find that outsourcing your coding increases your reimbursement and cuts down your operating costs. You in return save a lot of money and get paid faster.  When you work with Ideal Billing Solutions, you get: maximum security for your information, fast retrieval of patient information, an organized workflow and your submissions done…

ICD-9 And ICD-10: Why The Change Is Scaring Healthcare Providers In the United States?

We are living in changing times when it comes to healthcare and billing.  Most medical billers are confused by ICD-10 because the codes are longer and require more detail for claims.  If your medical practice has not prepared for these new codes, then it can be very scary.  The reason for the fear is that you are probably going to experience a lot of denied claims from the insurance companies.  If you are familiar with the NPI (National Provider Identifier) system, then you know what I am talking about. For those of you that are not familiar with NPI, it had only one number.  These were used in ICD-9.  In ICD-10, the numbers are much more complex and often longer.  Let us say that you are prepared for ICD-10.  Have you given any thought to insurance payers and clearinghouses? How about Medicare? There seems to be a lot of confusion amongst insurance carriers when it comes to individual NPI, legacy ID numbers and group national provider identifiers.  Many healthcare providers upgraded their practice management software.  Many of the claim files had to be sent to the clearinghouse.  Many doctors are choosing to outsource their billing today because it’s easier.  Medical billing companies take care of everything for you to include: utilization management, collections, billing, verification of benefits and so much more.  They often do it for 4% to 16% of the revenue.  For some physicians, this is a great deal being they don’t have to invest in any expensive software or hire anyone in house.  They also don’t have to worry about if the claim is being sent to…
 




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