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Solo Practitioners: ICD-10 Transition Tips

Harold Gibson

As a solo practitioner, it is imperative that your practice make the transition to ICD-10 as soon as possible. The deadline for making the switch has already passed, meaning you can be fined for not upgrading to the new coding. Fortunately, there are many other practitioners just like you who have already made the switch, and several of them have shared their tips and stories for making the transition as smooth as possible. 

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Topics: ICD-10

Payers and Medical Practices in a post-ICD-10 World

Harold Gibson

The October 1st deadline for implementation of the ICD-10 changeover has passed and the world hasn’t come to an end, patients are being seen and claims are being submitted – and paid. At a recent panel led by the Medical Group Management Association (MGMA), participants representing major payers including UnitedHealthcare and Humana and clearinghouse Emdeon, agreed that so far rejection rates have been lower than expected for this early following implementation. They cautioned, however, that it’s still too early to say how successful implementation will turn out to be for many practices are still implementing the system.

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Topics: ICD-10

Top 5 ICD-10 Transition Issues

Harold Gibson

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.

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Topics: ICD-10

Methods for Lowering the Costs of Switching to ICD-10

Harold Gibson

The deadline for the transition to the new ICD-10 has recently passed. If you have yet to make the switch, you should definitely inquire about the requirements, and more importantly, you should start saving funds to ensure the changeover goes as smoothly as possible. And while switching to ICD-10 might seem like a headache, the new codes are meant to provide better diagnosing and enhanced patient care. According to Heritage.org, the average cost of switching to ICD-10 is anywhere from $5,000 to $10,000 for practices that are considered small.

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Topics: ICD-10

Are the AMA's ICD-10 implementation estimates correct?

Harold Gibson

Physicians who have read the American Medical Association’s estimates of projected ICD-10 implementation expenses for most practices have plenty of reasons to be concerned. According to the AMA, between the initial 2008 estimates and the updates in 2014, cost estimates increased threefold from a low of around $56,000 for single-provider practices to nearly $226,000. A medium practice of six to 10 providers could pay between $213,300 and $824,700, with costs for larger practices running into the millions: between $2 and $8 million, according to the latest estimates.
Other groups, such as the American Health Information Management Association (AHIMA), put the figures considerably lower $4,372 for single-provider practices and around $11,028 for those with six providers, calculated at $1,838 per provider. AHIMA reminds providers that the old ICD-9 codes weren’t developed with reimbursement in mind, one reason behind many reimbursement headaches.

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Topics: ICD-10

About this blog

A place for physicians and other healthcare stakeholders to share and discover information about everything related to running efficient medical practices.

Established in 2002 by a group of physicians, we are a national provider of medical billing services to group practices, clinics, and individual physicians. We also specialize in provider credentialing, payer contract reviews, and medical coding for a wide range of clients - from solo practitioners to multi-site, multi-specialty practices.

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