PracticeMax prepared a series of frequently asked questions about ICD-10 and its impact on physician and provider practices.
What are the main points of consideration for a practice postponing preparation, besides not getting paid?
- Transition is mandates by law
- Inability so submit claims
What are three advantages to using a revenue cycle management partner like PracticeMax to oversee and help guide ICD-10 implementation?
- This is what we do; we have experts with vast and multifaceted experience in all areas of the revenue cycle industry including certified coding, compliance payer and hospital contracting, billing, practice management and electronic health records
- Our ability to scale up resources to help overcome decreased productivity during the transition phase
- Experts available for training and assistance
Where does successful ICD-10 implementation start? What are the keys to a practice doing this right?
- Remember, this is a marathon not a sprint
- Develop a transition plan with timelines and accountability
- Engage and educate staff
- Collect answers to key vendor and payer questions
- Try to get a definitive date to test your systems or testing alternatives from your vendor representative
- Even if your vendor tells you they are ready, you can still ask several pointed questions:
- Will my current hardware continue to work?
- How long will tech support for my existing system continue?
- Create a budget for transition and keep track in real time
- Conduct chart reviews and give providers examples that engage them in the ICD-10 process