All healthcare entities are looking forward to the next radical change, which is the ICD-10 medical coding implementation. This transition to the ICD-10 code sets is expected by Oct, 2015 and Facilities, clearing houses, Payers and medical coding companies have already started preparing for the change. This transition to the ICD-10 codes is set to bring about efficiencies in improving patient care, increasing physician billing accuracy, enhancing clinical performance and several other benefits that the ICD-10 medical coding transition is slated to augment in the first few months of its implementation.
Some of the potential areas that could have an impact are:
- Additional Time required coding a chart
- Increases in Coding Cost – as Coder productivity drops due to new codes
- Accounts Receivables Pileup – complexity of ICD-10 codes and documentation requirements
- New Technology costs
- Clinical Documentation Costs
Getting prepared for the ICD-10 medical coding transition at a frenetic pace, while still handling the billing functions will be a ‘big task’ for healthcare entities. Therefore, outsourcing a part of the coding functions to a reputed offshore medical coding company like e-care will be a prudent decision to offset the risks.
e-care’s staff are already trained in coding for the ICD-10-CM having completed the online training and certification. Being one of the most reputed medical coding companies, e-care can be your partner of choice during the difficult transition to ICD-10 medical coding.
Though the deadline has now been extended by a year, CMS recently published testing data that reflects that most healthcare entities except the Physicians and Facilities are well prepared for the transition. While the ICD-10 transition is not an immediate need, the focus and impetus would again commence from Jan, 2015. Choosing and working with the right partner like e-care at this stage, would make the transition hassle free when the transition occurs.