Providers need to adopt a series of medical billing changes in 2014 in order to maximize reimbursements and maintain a healthy revenue stream.

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Medical Billing Changes in 2014
Providers need to adopt a series of medical billing changes in 2014 in order to maximize
reimbursements and maintain a healthy revenue stream.
Healthcare Exchanges:
How will the influx of insured people change the market? The uncertainty regarding how many
people sign up for exchanges or the kind of payer mix for plans have become a major concern
with the state and federal healthcare exchanges. With some states already aligning with Medicaid
prices, reimbursement rates for doctors has gone down.
Practices need to mitigate their reduced reimbursements by implementing EHRs and practice
management solutions. This will help them streamline workflow and treat patients faster.

2. Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
End to End Medical Billing Solutions
www.medicalbillersandcoders.com
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Revised CMS 1500 Form:
A revised claim form released by the CMS became mandatory for practices from April 01, 2014.
The new form was created for accommodating ICD-10, which was to be implemented in October
this year. This form is required for all the payers and it doesn’t allow dual coding. Providers need
to check with each payer for their anticipated effective dates of the revised CMS form.
CPT Code Change:
The terminology codes by the American Medical Association are expected to undergo a massive
transformation this year. This overhaul is going to be the biggest modification to CPT seen in
years. Last year, around 353 changes were announced, out of which many were lab-focused and
pertained to upper-GI procedures. New technology is the driving force behind this change, which
is now in use for lab and GI procedures. Lower GI will receive new CPT codes in 2015.

3. Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
End to End Medical Billing Solutions
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
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ICD-10 Preparation:
Even though ICD-10 compliance date has been shifted to October 01, 2015, unprepared practices
will have to make necessary changes to ensure their readiness. From implementing system
changes to training their staff, providers need to invest sufficient time and money to ensure that
coding and billing changes don’t affect the financial health of their practice.
2014 - A Challenging Year:
Physicians have to prepare for these billing changes if they don’t want their reimbursements to get
affected for the services rendered. It has become important for them to ensure that their billing
department is aware and ready for these changes. 2014 is going to be a challenging year for
practices due to billing changes, rollout of healthcare reforms and preparation for ICD-10. To
ensure that these factors don’t affect your RCM, you can outsource your billing requirements to a
billing company.

4. Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
End to End Medical Billing Solutions
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
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Benefits of Outsourcing Medical Billing
 Timely claims submission
 Denial management
 Follow-up
 Error-free coding and billing
 HIPAA-compliance
MedicalBillersandCoders.com is a reputed billing company, helping practices sail through billing
and coding complexities. The well-trained, experienced team of coders and billers at MBC are
apprised of the medical billing changes and updates in the healthcare industry. They are proficient
in ensuring timely reimbursements with the help of latest technology.
MBC works with the aim to maximize revenue and minimize claims denials. By outsourcing
billing requirements to MBC, providers can reduce practice costs and eliminate their worries
about investing in hiring staff, training and technology upgrades. Outsourcing also offers enough
time to providers for concentrating on the provision of patient care.