Ready for more ICD-10 precision?

Most hospitals are not.

We can help your practice stay on top of the latest healthcare news, rules, regulations and trends.  Subscribe to stay current and up to date on important matters that will impact your practice.  (To subscribe to our blog ).

Many hospitals feel that the ICD-10 roll out went smoothly, however concerns are growing as the grace period came to an end on October 1, 2016.

Now, coders must be more precise or claims may be rejected by private insurers and by CMS.

Experts are worried that the negative effects of the transition will begin in the coming months. Many providers lowered productivity standards to deal with the new codes.

Providers are expecting more denials in the coming months.

How long can you expect the new level of difficulty with codes to last?

According to experts, the problems with ICD-10 after the grace period could last anywhere from 18 to 24 months.

Typically, providers have been looking at what has been reimbursed rather than the level of detail necessary to get reimbursed by the different insurers.

There will be a new learning curve as providers must code with a new level of specificity.

Overall, accuracy and productivity have dropped since the implementation of ICD-10. Scores have been low across the board and now are expected to drop more.

Let us know your thoughts! Are you concerned about experiencing more denials in the coming months due to ICD-10 specificity?

In our next blog post, we will keep you informed of related issues.  To get this important information delivered directly to your mail box, 

Do you need help staying current and compliant with the latest laws, rules and regulations?  We can help. To contact us about your new government rules and regulations, your practice’s risk assessment, or about your other legal needs:  CLICK HERE.

P.S. If you or your patients are interested in consumer healthcare issues, check out myhealthspin.com.

Related Posts

Categories

Recent Posts

Should I Sign an Employment Agreement?
May 19, 2022
Compliance Alert: Kickbacks and Conspiracies
May 17, 2022
IT Contracts and the Terms that Matter Most
May 12, 2022
Recent HIPAA Enforcement
May 10, 2022
Can You Avoid a Business Dispute?
May 5, 2022

Subscribe

Enter your email to subscribe now and receive your FREE HIPAA Risk Assessment book!

An essential tool for all healthcare providers, Easy Guide to HIPAA Risk Assessments breaks down the requirements of HIPAA so you can successfully complete your required risk assessment.

 

Get it now for FREE (an $8.99 value!)

One more step! Please check your email to confirm your subscription and receive your FREE book!