06/01/2015

What's the Impact of ICD-10 to Your Center

The Costs Could Cripple Your Center

What's the Impact of ICD-10 to Your Center

 

The Costs Could Cripple Your Center

 

 Join Us for Ohio's ONLY ASC ICD-10 Coding Seminar - June 11 - Register Here

 

The ICD-10 coding conversion IS in fact happening in October.  Recent surveys and studies show that the impact to health care providers could be very significant.  This is especially the case for ASCs where cash flow can significantly impact your ability to operate.

Did you know:

 

• ICD-10CM codes will be increasing from approximately 15,000 ICD-9 codes to 68,000 ICD-10CM codes
• Studies estimate that coding staff working outside the hospital inpatient setting will require a minimum of 16 hours of ICD-10 education
• Increased code detail contained in ICD-10-CM means that required documentation will change substantially - do you know what those are?

• Payers report they WILL examine claims more carefully to identify potential duplicate billings and/or payments for service dates before/after October 1, 2015 and may make more requests for medical records to substantiate specific claims

• 34,250　(50%) of all ICD-10-CM codes are related to the musculoskeletal　system

• 17,045　(25%) of all ICD-10-CM codes are related to fractures 　

• For　fractures, physicians must document whether each is open or closed as well as specify an initial or subsequent encounter with delayed healing, malunion, or　nonunion 　

• Fracture documentation also must specify type (i.e., oblique, comminuted, transverse, or displaced) as well as laterality

• Injuries--Documentation of all injuries must include a seventh character extension to identify the encounter type, with "A" listed for all initial encounters and "D" for subsequent　encounters.　　

• If a code that requires a 7th character is not 6 characters, a placeholder X must be used to fill in the empty characters

• Estimated　coder productivity reduction of 20% to 50% in the months following ICD-10　implementation as well as predicted　coder　shortages, ESPECIALLY FOR UNTRAINED OR UNDERTRAINED STAFF.

There is no time to waste to get trained OR to refresh your knowledge on ICD-10 coding.  The impact to your center's financial position could be significantly harmed if you are not coding and billing in a correct manner.

 

The OAASC is offering an affordable and ASC-exclusive training in Ohio.  Please join us on June 11 in Columbus for one of the most important coding clinics for Ohio ASC professionals in the area.

 

Click Here for More Details and to Register