Healthcare providers should consider budgeting for ICD-10 to focus on the impact to healthcare information technology, according to a HealthLeaders Media report.
ASC Coding, Billing & Collections
According to the MGMA Legislative and Executive Advocacy Response Network report on the ACA Insurance Exchange Implementation in September 2013, 29.2 percent of physicians plan to participate in the ACA exchange products.
According to a Congressional Budget Office report, legislation that would shield physicians from a 24 percent Medicare reimbursement reduction next year would cost about $8.3 billion from 2014 to 2018.
In a Medscape Business of Medicine article, Betsy Nicoletti, owner of Medical Practice Consulting, discusses making the ICD-10 transition and lays out four steps that medical practices should include in their transition plan.
There will be updates for shoulder, Ob-Gyn and urology coding in 2014, according to AudioEducator.
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ICD-10 preparation is of mounting importance as the deadline for implementation draws near, but it is also important to prepare for what happens after Oct. 1, 2014.
CMS' extension of the Meaningful Use Stage 2 attestation deadline reaffirms that the ICD-10 Oct. 1, 2014, deadline is not going to change, according to a Healthcare IT News report.
Practices that fail to conduct end-to-end testing for ICD-10 diagnostic codes will significantly increase their chances of cash flow disruption, according to the Medical Group Management Association.
Recovery Audit Contractor inquiries are up for both providers and hospitals, according to AAPC.
The American Medical Association announced a few technical corrections to the 2013 and 2014 CPT codes, according to AAPC.