Archive for the Week of February 2, 2014
Archive for the Week of February 2, 2014
Welcome to the medical billing blog archive for the week of February 2, 2014.
Here you will find links to every article added to the Outsource Management Group web site during the week of February 2, 2014.
You can browse this week's archives by clicking the "More" button from any of the excerpts below.
How Can I Budget for the ICD-10 Transition?
How can providers and other medical professionals budget for the training needed before the ICD-10 transition? Our Answer: All covered entities need to be preparing a budget for the training of coders, claims analysis employees, and any other employees having medical claim-based positions. The Department of Health and Human Services estimates total training costs for hospital medical coders at: $2,750 per full-time coder ($2,200 for lost work time, plus $550 for training expenses). $550 for part-time coders ($440 for lost work time, plus $110 for training expenses). I would also recommend budgeting for the use of outsourced coding services, at least during the peak of the transition. A third-party …
What Will Be the Financial Impact of ICD-10?
What will it cost providers to prepare and make the ICD-10 transition? Will it cause a delay in reimbursement from payers? Our Answer: I think everyone is concerned with the financial impact of ICD-10, including most providers, facilities and payers. For providers, the financial impact of training will vary significantly dependent upon the size of the practice and staff. For instance, I estimate that a practice with an in-house staff of 5 employees, including 2 full-time medical coders, should expect to spend approximately $6,500-7,000 on lost time, books, etc for the training itself. Once the transition takes place, the financial impact will turn more to reimbursement of the actual …
What are ICD-10 Mapping Tools?
We’ve heard about ICD-10 mapping tools, but what are they? What are they used for? How will they help with the transition?
ICD-10 for Substance Abuse & Mental Health Providers
The Substance Abuse and Mental Health Services Administration (SAMHSA) has published a new fact sheet designed to help mental health and substance abuse service providers make the transition to the new International Classification of Diseases, 10th Edition (ICD-10) code sets. ICD-10 will affect all diagnosis and inpatient procedure coding for everyone involved in mental health and substance abuse healthcare under HIPAA. However the change to ICD-10 does not affect CPT coding for outpatient procedures. All services provided for either substance use or mental disorders are subject to HIPAA standards; therefore, all mental health and substance abuse providers must shift to ICD-10 once it becomes effective on October 1st. SAMHSA’s new …
2W0UXYZ Change Other Device on Right Toe
ICD-10 Procedure Code – 2W0UXYZ Utilized for the procedure of Changing Other Device on Right Toe.
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