Whether your practice is ready or not, the ICD-10 transition is looking like it will be just around the corner. While you may have felt the transition might be postponed, if the change comes, not being ready will have potentially disastrous consequences for all aspects of the modern medical practice—not just the technology.
According to CDC.gov, there are 14,025 diagnosis codes in ICD-9. When ICD-10 rolls out, there will be at least 69,823 codes: a drastic increase, to say the least.
The ICD-9 procedure code set included 3,824 codes; ICD-10’s procedure code set will include 71,924 codes. Overall, this is an additional 123,898 codes that your medical billing and code team will be expected to add to their repertoire.
How Can I Prepare My Medical Billing Department for ICD-10?
As an independent practice, you have options. Many medical billing companies, such as M-Scribe Technologies, are keenly aware of the challenges that ICD-10 presents; they offer a host of webinars, training programs, and other tools that your practice can use to help your doctor’s billing team make the transition to ICD-10.
Many practices and independent providers are turning to outsourced medical billing services in lieu of expensive software, hardware and training expenses. With an outside doctor’s billing company, your practice won’t have to devote valuable in-house time and space to making the big switch—instead, you’ll have a team of dedicated professionals who are already familiar with the new ICD-10 set, and are ready to help your practice grow and thrive.
Outsourced Medical Billing Services for ICD-10
The Medical Consultants Group, an Atlanta-based practice consulting firm, provides independent practices and providers with the tools to become a better business. With a host of services, including medical billing, revenue cycle management, and ICD-10 project planning and compliance, our team can help your practice not only make the transition to ICD-10, but build the foundation for a healthy future.
Give us a call at (404) 272-4883 or fill out our online contact form to learn more about our outsourced medical billing services.