The transition to ICD-10 will impact many areas of the medical practice as illustrated by the graphic below from the American Association of Professional Coders (AAPC).
As many in the health care industry are acutely aware, the International Classification of Diseases 9th Revision (ICD-9) diagnosis code set is being replaced with ICD-10. This change will have a significant impact on almost every aspect of physician revenue cycle management and coding. On April 1, 2014, the Protecting Access to Medicare Act 2014 […]
What are some of the overlooked unforeseen costs of implementation? Practices may secure cash flow savings or a line of credit to help weather the storm during the transition; it is suggested that practices have a minimum of the equivalent of 30 days of operating capital on hand Measure and budget for money and time […]
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 […]