If your practices is like the majority of practices, then probably not.
Only 21% of physician practices are on track with preparations for the switch in October.
We can help your practice get up to date and prepared to deal with the transition to ICD-10. Subscribe to stay current and up to date on important matters that will impact your practice. (To subscribe to our blog Click Here).
Now is the time to get your practice ready for ICD-10 because the transition deadline is scheduled for October 1, 2015 and it does not appear that there will be further delays.
Most physicians are not expecting another delay and know that they need to prepare their practices. The biggest concerns of physicians is the impact that the transition will have on revenue.
Last week, Centers for Medicare & Medicaid Services (CMS) had approximately 15,000 ICD-10 test claims submitted from providers and billing companies.
The ICD-10 claims were submitted and processed through CMS billing systems. The claims that were rejected typically contained errors unrelated to ICD-9 or ICD-10.
Overall, there was a success rate of 81% of the test claims submitted to CMS.
What to do if you are not ready for the transition?
ICD-10 is a broad and complex undertaking that will affect many areas of your practice.
To start preparing your practice, you should begin with extensive planning to ensure a successful transition. We help our clients get ready for changes by introducing thorough plans for success early on in the preparation phase.
CMS encourages practices and hospitals to take advantage of the testing opportunities by submitting test claims.
In our next blog post, we will keep you informed of related issues. To get this important information delivered directly to your mail box, Click here to Subscribe
Do you need help with transitioning to ICD-10 or other legal matters? We can help. To contact us about transitioning your practice to ICD-10 or your other legal needs: CLICK HERE.
P.S. If you or your patients are interested in consumer healthcare issues, check out myhealthspin.com.