After the ICD-10 Update: Implications for Medical Billing Practitioners

SALT LAKE CITY - Oct. 21, 2015 - PRLog -- October 1, 2015 marked a significant date for healthcare professionals when all providers needed to have ICD-10 fully implemented. While physicians and other providers adopted the robust expansion of available medical codes, the update also impacted how medical billing decision makers manage their revenue cycle.

Improving Processes for Required Documentation

ICD-10 expands the number of codes available for patient encounters. The expanded codes allow for better documentation of patient encounters, both primary and sequential; offer more codes to better fit expanded treatment techniques and technologies; and detailing the type of diagnosis, especially in the realm of external injury codes. What does this mean for healthcare providers? This makes it easier for doctors and practitioners to fully document the medical record for instances of Medicare and Medicaid, as well as better mitigate the claims denial process for private insurers.

<h2>Streamlined Revenue Management Through Proactive Third-Party Coordination</h2>

MBXperts is fully coordinated to work with healthcare providers of all sizes. We work with individual hospitals, clinics, and imaging centers to make sure that their processes are streamlined with all of their payers. With an adaptive billing platform, we make it easy to coordinate with your clearinghouses to make sure that claims submitted in bulk are processed timely and accurately.

Best Practice Tips to Fully Benefit From the ICD-10 Update

We’ve got everything ready from the software aspect of the ICD-10 taken care of. In order to fully benefit from the expanded codes available to improve your patient documentation, we recommend:

• Fully understanding your clinical documentation processes to make sure that they meet the specificity of ICD-10.
• Offer new coding and documentation training to providers in your clinic to make sure that they are all brought up to speed.
• Stay engaged with your vendors and partners so that their transition issues minimally impact your practice.

About Us

The Medical Billing Experts, LLC is a company in Salt Lake City, UT that is blowing the lid off of the medical billing industry. With smart and adaptive proprietary software, we let clinics and providers focus on their patients and not worry about collecting payments. Visit http://www.mbxperts.com to learn more.