ICD – 10 Medical Coding

MS Revenue & RCM Automation

ICD - 10 Medical Coding

The healthcare industry is preparing for the upcoming radical change in medical coding, transitioning to ICD-10 code sets by October 2015. Facilities, clearinghouses, payers, and medical coding companies are already gearing up for this transformation, which is expected to bring about significant improvements in patient care, physician billing accuracy, clinical performance, and other benefits in the early months of its implementation.

The transition to ICD-10 medical coding may have potential impacts in various areas:

Additional time required for coding a chart

Increases in coding cost due to reduced coder productivity during the adoption of new codes

Accumulation of accounts receivables due to the complexity of ICD-10 codes and documentation requirements Implementation costs for new technology and clinical documentation

As healthcare entities prepare for the ICD-10 medical coding transition at a rapid pace, handling billing functions alongside can become a significant challenge. In such cases, outsourcing a part of the coding functions to a reputable offshore medical coding company like MS Revenue & RCM Automation can be a prudent decision to mitigate risks.

At MS Revenue & RCM Automation, our staff is already trained in coding for ICD-10-CM, having completed online training and certification. As a reputable medical coding company, we can be your preferred partner during this transitional phase to ICD-10 medical coding.

While the deadline has been extended by a year, it’s important to note that most healthcare entities, except physicians and facilities, are well-prepared for the transition, as per CMS testing data. While the immediate need for ICD-10 transition may have subsided, focus and impetus would resume from January. Choosing to work with the right partner like MS Revenue & RCM Automation at this stage ensures a seamless and hassle-free transition when it finally occurs.