ICD-10 Denial Risk Sparks Revenue Growth Opportunity For Emergency Coding and Billing
sam-mi2013-10-15T09:17:09+00:00ICD-10 preparedness is more than just about meeting the Oct. 1, 2014 implementation deadline, it's about the possible impact to your emergency medical practice revenue cycle management following the "go live" if you're not. There's talk about a possible increase in denial rates during the transition, which can reduce practice profitability, or possibly even bring it to a screeching halt. Denial rates potentially could increase between 100 and 200 percent, AR days increase by 20 to 40 percent, prolonged declining payments and a near doubling of claim error rates. ICD-10 has prompted a Y2K response. That's because the transition from ICD-9 [...]