Delay in Revenues – Implementation of ICD-10

Delay in Revenues – Implementation of ICD-10

by abilling, November 1, 2015

As predicted, the transition to ICD-10 has slowed down the industry as a whole.  Our processes have also been impacted and we are not current submitting charges with the payers.  You may notice you may have charges which did not make your End of Month closing.  ICD-10 has caused us to literally research each and every charge that has come in.  Even those apparent, simple, repetitive billings are no longer simple and repetitive.  Our coders are working diligently to overcome the learning curve and deal with this huge transition (as ICD-9 has about 17,000 codes and ICD-10 now has 70,000 code options).

As a reminder, it is very important our providers are sending all the necessary details of the diagnosis for each case, including, but not limited to; upper, lower, left, right, bilateral; acute, chronic, or recurrent; anatomy – femur, knee, maxillary, ulna;  initial, sequel, or subsequent; etc.  As you can imagine, diagnosis options expanding from 17,000 to 70,000, details required to accurately report have exploded.  “Cataract” is no longer an acceptable diagnosis.  We must now report which eye and the cause for the cataract.  When information sent is not descriptive enough, the coding assigned lack specificity and could cause denials of claims, delaying revenues even longer.  Once a denial is received, we will be required to obtain medical records to submit for payment.

Please help us by ensuring the amount of descriptive information you are sending for the diagnosis is sufficient to code properly.  It appears now, things will catch up or settle out by the end of the year for the industry.  If you have questions or need assistance to determine if what you are sending is sufficient, please contact our office.

 

 

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abinsights readers are invited to submit comments, questions, tips, and suggestions for articles on any subject related to billing, collections, coding, reimbursement, and compliance.  Send to:  Anesthesia Billing, Inc.,     P O Box 388, Newton, KS  67114-0388.  Phone 316-281-3700.  Fax 316-282-4322.

Our purpose is to help you meet inevitable challenges.  We hope to deliver practical knowledge and solutions drawn from top resources and business publications in every issue, knowledge you can use today.

Reasonable attempts have been made to be accurate.  However, medical billing, collections, coding and compliance are part science, part art, and even experts sometimes differ.  Neither Anesthesia Billing, Inc., the editors, publisher, contributors, or consultants warrant or guarantee the information contained will be applicable or appropriate in all situations.  For information specific to your practice, consult a qualified professional.

The information included in this publication is provided, among other things, to alert you to legal developments and should not be considered legal advice.  Specific questions about how this information affects your particular situation should be addressed to your attorney.

Editor:  Philip Blann (pblann@anesthesiabilling.com).

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