ICD -10 Tip sheet for Urgent Care
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Urgent Care practices are going to have a tough time to adapt to ICD-10.Here are a few helpful facts.
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Are you seeking AdvancedMD certified resources to optimize your medical billing and revenue cycle management? Look no further! BillingParadise offers expert AdvancedMD Billing Services combined with AdvancedMD EHR, providing you with a comprehensive solution for your healthcare organization. As an AdvancedMD user or someone migrating to AdvancedMD EHR, you're in capable hands with BillingParadise.
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According to the 2023 Black Book healthcare survey, revenue cycle outsourcing has become a powerful solution to optimize revenue cycle management (RCM) processes in the healthcare industry. The Black Book healthcare survey highlights the increasing adoption of outsourcing RCM services, driven by the need to maximize ROI and adapt to a changing healthcare landscape.
Key survey findings reveal that 17% of hospitals are synchronizing RCM transition activities through advisors and consultants. As the industry shifts towards value-based care, 78% of healthcare providers have yet to select technology vendors, leading to a surge in revenue cycle outsourcing. Medical group practices (73%) are collaborating with consultants to devise accountable care reimbursement strategies and explore revenue cycle outsourcing options.
CFOs recognize the importance of outsourcing, with 79% aiming to eliminate vendors not associated with ROI in revenue cycle management. Over half of health organization CFOs (54%) believe outsourcing RCM processes will enhance productivity and financial stability.
The survey emphasizes the need for RCM system upgrades, as 89% of healthcare providers acknowledge the requirement for improved solutions. Delayed RCM transformation programs impact smaller hospitals (40% of those with under 200 beds), affecting financial health and patient care.
CFOs increasingly consider outsourcing services as a stop-gap measure, with 80% perceiving them as vital until new RCM software is installed. For hospitals with under 200 beds, end-to-end RCM outsourcing is viewed as the most effective solution (72% of CFOs). Larger hospitals (58% of CFOs) plan to outsource at least two revenue cycle management functions.
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In conclusion, the Black Book healthcare survey highlights the significance of revenue cycle outsourcing in addressing industry challenges and achieving financial stability. Hospitals must adapt promptly to the changing healthcare landscape by embracing outsourcing as a transformative solution.
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BillingParadise has helped many organizations and practices overcome their RCM challenges with our comprehensive medical billing services. Here are 7 common reasons why healthcare organizations, RCM directors, CFOs, practice admins, and practice managers reach out to us:
Unhappy with your EHR/EMR provider’s billing/RCM service
Unaware of technology solutions
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At BillingParadise, we have a 7-step approach to improving your practice's revenue:
Step 1: Revenue Analysis and Audit
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Step 2: Re-structure your Medical Billing
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Step 3: SOPs and EHR
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Step 4: Flexible Medical Billing Staffing
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ICD -10 Tip sheet for Urgent Care
- 1. ICD-10 coding guide for Urgent Care centres BillingParadise
- 2. ICD-10 guide for urgent care
- 3. The go-to ICD-10 guide for urgent care centres • ICD-10 is going to transform the way urgent care centres code. • More specificity also means more codes and modifiers! • Here is a helpful guide that can help urgent- care practitioners transition to ICD-10.
- 4. Prepare your army… ICD-10 requires team effort. Everybody in your medical practice has to make a concerted effort to move towards the new coding set. Cont…
- 5. • Construct an educational plan and resources for staff • Appoint a ICD-10 coding manager or trainer
- 6. • Map code equivalents and perform dual coding • Start practicing documentation methods that align with ICD-10 requirements
- 7. • Stop relying on super-bills for assigning codes! • Create benchmarks and deadlines
- 8. • Coordinate with insurers constantly to stay on top of coding changes • Maintain an ICD-10 worksheet and share it with other employees
- 9. • Create a coding template that has your top-paying urgent care codes listed • Check with your EMR/EHR vendor about dual-coding support regularly
- 10. Here are the top 5 ICD-10 urgent care codes … • J01.90 Acute sinusitis • JO2.8 Acute pharyngitis • JO6.9 Acute upper respiratory infection • Z23 Encounter for immunization • J20.0 Acute bronchitis due to micro plasma pneumonia
- 11. It is not just about coding! You are all geared to make coding changes. But wait! ICD-10 is also going to make vast changes to your medical billing process.
- 12. • Claims will have to be created only after thorough analysis of clinical documentation • Medical claims will have to be transmitted quickly as reimbursement delays are going to be fairly common
- 13. • Payer readiness is going to impact the billing process. • Being prepared with extra revenue to sail through the initial months after transition is crucial.
- 14. Thank You… For details visit us http://www.billingparadise.com/ 888-571-9069