Monday, January 30, 2017

ICD-10 Transition Process In Healthcare Payer Services

Execution of ICD-10 coding method will bring more precision in medical coding, billing system and records in payers solutions. It’s essential for health care providers to be prepared for the fault due to the updates in ICD-10 coding which will direct to profit loss. Here are a few certain vital factors to be measured in order to smoothen ICD-10 transition procedure.

New Plan 

Creating a new plan is necessary for the efficient ICD-10 transition of medical coding methods. Make a meticulous list of all systems that currently comprise diagnostic codes and update them for ICD-10.

Risk Assessment

In healthcare payer services, it is essential to make a noteworthy work evaluation about ICD-10 to discover how its execution will considerably impact the procedure and overall proceeds of health care practice. This will aid to reduce possible errors.

Training 

Medical coders have to apply efficient knowledge about various ICD-10 codes and must get comprehensive training about the same. As compared to ICD-9 system ICD – 10 system has added new codes. It’s very important for coders to understand the common codes that are used in all specifications. In order to find accuracy in solutions, you should evaluate the performance of all coders and billing personnel and their awareness about the coding process. This will help you to identify the employees that require guidance. Separate instruction should be given to internal coders and billing team about the additional code. A few common training systems include translation software, platform based and dual coding learning programs. 

Be familiar with the points of ICD-10 contact

It is also vital for healthcare payer services to be acquainted with the points of ICT-10 contact which includes medical coding, billing process or claims submission, claim rejection or appeals, medical records, lab or imaging orders.

Jaymed Technologies is a reliable medical coding and billing company that helps healthcare  payer solutions to enhance their productivity and revenue. The company provides efficient patient care, on-time repayment, access to better quality data and less hassle of audits.

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