Physicians Will Need Time to Adapt to the ICD-10 Code
"People are used to getting code updates every year with our CPT codes and ICD-9 codes," says Donna Stariha, director of the billing services division at MediSYS. "So for a lot of people, they mistakenly feel this change to ICD-10 is just another change like that." But that's like equating ripples in a bathtub to storm-tossed swells on the ocean.
Jane Ehrhardt |
Lax Reimbursement Practices Leave Money on the Table
For the lack of a single billing code modifier, a specialty practice lost reimbursements equaling 16 percent of their gross income in their first year. "When we refiled the claims for that one doctor, it recovered $8,000 within four weeks," says Judy Campodonico, director of operations with MRG Management Services.
Jane Ehrhardt |
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