With the ICD-10-CM
conversion deadline one year away, many professional organizations and
industry experts are warning of a lack of preparation and the serious
adverse effects on practice revenues. The level of alarm and doom is
not realistic nor a given outcome for the majority of
anesthesiologists. With reasonable physician diligence in documenting
services completely and accurately, successful conversion is likely.
Groups should make sure that their billing companies are preparing them
to meet the new documentation requirements—as ABC will do—to avoid claim
processing delays or denials beginning on October 1, 2014.
We want to reassure all
anesthesiologists, including our clients, that the proverbial sky is not
going to fall come October 1, 2014. Let us start with a review of the
facts:
What is it?
Beginning October 1, 2014, all health care entities must use ICD-10 codes on claim forms. This includes:
Diagnosis codes (ICD-10-CM) used by all providers in...
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