When it comes to keeping your medical practice up to date with all of the latest requirements and regulations, it is essential that you be familiar with today's top five ICD-10 transition issues. By being aware of these issues, it then becomes possible for your practice to avoid them, thus increasing your productivity, and more importantly, improving the services that you are able to offer to your patients.
One of the first issues that you need to realize about transitioning to ICD-10 is that training is of the utmost importance. And while there have been many studies confirming the importance of training within the ICD-10 industry, many practices have failed to ensure their staff members are properly qualified. Fortunately, though, there are many ways to go about getting proper training for your staff. Whether it be taking courses at a local community college, conference, seminar, or even completing online classes, this training will lead to faster claims and an increase in your revenue.
2. Resourcing the transition
Because the transition process to ICD-10 requires much time and effort, many practices are unable to find these two valuable elements. This leads to a loss of productivity, which in the long run results in low-quality services to your patients.
3. Maintaining the momentum
Once the ICD-10 operation has been put into practice, you'll be able to maintain momentum, but only if you have the database to collect and store the necessary data. Thankfully, there are a wide range of incentive programs that you can take advantage of to ensure that the cost of switching to the new codes is as least expensive as possible.
4. Maintaining two coding systems
Another issue involved with making the transition to ICD-10 is that you'll need to maintain two systems for a certain period of time. This period of time will be influenced by the number of days it takes you to transition all pertinent data to the new system.
5. Avoiding payment delays
The last issue that your practice will have to deal with when transitioning to ICD-10 is avoiding payment delays. All of your physicians will need to be trained extensively to code accurately, with initial follow-ups always taking place to ensure the codes are entered correctly. Billing systems will need to be reviewed on a regular basis to make sure efficient review claims are being processed under the new codes, and when any issues are noted, they need to be documented.
When managing the ICD-10 conversion, it is imperative that you take advantage of the services offered by an ICD-10 consultant. With M-Scribe, you gain the advantage of having 24/7 support, ensuring that all of your transition processes are being performed efficiently and effectively. M-Scribe's goal is to make sure your patients receive the best care possible no matter the conditions or illnesses that they visit your office for. With our expertise and extensive knowledge, all of your ICD-10 conversion practices can be performed in the most cost-efficient manner possible. Contact M-Scribe today to learn more about today's leading software that can ease the transition to ICD-10. With expertise guidance, your practice can make the switch will little to no downtime.