In October, Kareo processed more than 6.6 million ICD-10 claims, representing a value of more than $735 million. Nearly all of the company’s customers (99 percent) submitted at least one ICD-10 claim, and 87 percent of customers received payment on at least one ICD-10 claim. A total of 1.4 million ICD-10 claims submitted in October have already been paid. Kareo found the average amount of time to receive payment on these claims was 11 days.
More articles on coding and billing:
Maine Health Data Organization establishes healthcare price transparency website
CMS raises outpatient MS SI joint fusion payment 14%: 5 key notes
CMS finalizes ASC payment, policy changes: 5 things to know
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
