Yearly Archives: 2018

Software upgrades to implement. Training classes to administer. Although your medical revenue cycle management faces several ICD-10 challenges that require tackling prior to the Oct. 1, 2014 “go live,” the biggest challenge may just be keeping the lights on in the months after the deadline. That’s because there’s also the worry about reduced productivity as clinical and clerical staff deploy a vastly different code set for filing claims. This can result from physician medical billing and coding errors, insufficient documentation and increased payer scrutiny of claims. Denial rates also may increase along with a corresponding increase in accounts receivable days. “The [...]

Brace for impact. Your medical practice is at risk for hitting turbulent waters if you’re not adequately prepared for the ICD-10 transition on Oct. 1, 2014. Preparations not only need to include all the steps leading up to the “go live” but also those associated with continued flow of your healthcare revenue cycle management in the months that follow. Did you know you’re at risk for insufficient documentation, coding errors, and increased payer scrutiny of claims? Denial rates also may take a turn for the worse, with a correlating increase in accounts receivable days. Without the right medical coding, billing and [...]