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2W0VX0Z Change Traction Apparatus on Left Toe

ICD-10 Procedure Code – 2W0VX0Z Utilized for the procedure of Changing a Traction Apparatus on Left Toe.

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 …