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Capture Billing Poised to Help Physician Offices Implement ICD-10 Coding

Health Insurance Companies Process 1 in 5 Claims Wrong

Capture Billing & Consulting, an Outsource Medical Billing Company, takes on the burden of complex healthcare regulations and the costs of implementing ICD-10 to keep Medical Practices in compliance.

implement_icd-10_coding(Washington, D.C.) June 4, 2009 – With the implementation of The U.S. Department of Health and Human Services new greatly expanded ICD-10 code set slated for mandatory compliance by Oct. 1, 2013, Capture Billing & Consulting, Inc. has begun training and establishing systems to help its physician clients with this difficult transition.

Capture Billing will assist medical practices in becoming compliant with minimal cost and effort in order to successfully transition to ICD-10. ICD-10 replaces the old ICD-9 code set used to report health care diagnoses and procedures with an overwhelming 120,000 new codes. These codes are used by physicians and other healthcare providers to classify and report diseases, and are much more specific than the old codes. Capture Billing is committed and prepared to help medical practices smoothly transition to the new codes.

Capture Billing will educate physicians and their staff, work with computer systems and software to update code tables, rework superbills, and generally take on the burden of IT system changes. Even though ICD-10 is a few years away, healthcare providers must begin preparing for ICD-10 now. Coders and medical billers will have to be retrained in the new coding system and computer systems will have to be updated to accommodate these changes. This will require physicians to work with all of their software vendors to implement ICD-10. The overall process will be a very time consuming endeavor.

Moving to ICD-10 will require a tremendous effort and incur incredible cost for healthcare organizations. The costs of medical software, computers, training and IT support will be staggering.

Several organizations such as the MGMA, AMA and the AAPC have estimated the cost of a three-physician practice implementing ICD-10 to be about $83,000. A 10-physican practice will cost more than $285,000. “The goal at Capture Billing is to minimize the financial impact on the medical practice”, said Manny Oliverez, Director of Operations for Capture.

Healthcare providers, medical offices and hospitals must be in compliance as the old ICD-9 codes will not be accepted after that date. Physician offices that submit claims using the old codes will not get paid. Capture Billing will help ensure that healthcare providers will not be impacted by this transition. “We want to help physicians do what they do best, give their patients quality healthcare” said Oliverez.

“When medical practices outsource their medical billing by using Capture’s medical billing services we take on the burden and cost of updating software, hardware and keeping abreast of changes in ICD-10”, said Oliverez.

is a 20 year veteran of healthcare having managed medical practices. He advises medical practices, physicians and practice administrators on how to run their practice and manage their medical billing and revenue cycle management. Manny speaks, blogs and makes videos at www.CaptureBilling.com, a blog that is tops in the medical billing and coding field. READ MORE

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Capture Billing helps medical practices by reducing their insurance accounts receivable and getting claims paid faster, allowing doctors to focus on providing quality healthcare to their patients without the stress of doing their own medical billing.

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Disclaimer

The analysis of any medical billing or coding question is dependent on numerous specific facts -- including the factual situations present related to the patients, the practice, the professionals and the medical services and advice. Additionally, laws and regulations and insurance and payer policies (as well as coding itself) are subject to change. The information that has been accurate previously can be particularly dependent on changes in time or circumstances. The information contained in this web site is intended as general information only. It is not intended to serve as medical, health, legal or financial advice or as a substitute for professional advice of a medical coding professional, healthcare consultant, physician or medical professional, legal counsel, accountant or financial advisor. If you have a question about a specific matter, you should contact a professional advisor directly. CPT copyright American Medical Association. All rights reserved. CPT is a registered trademark of the American Medical Association.

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CaptureBilling.com - Medical Billing Services

Capture Billing is a Medical Billing Company based in South Riding Virginia.

Join the other Doctors and Practice Managers that have benefited from our expert medical billing services.


Capture Billing & Consulting Inc.
25055 Riding Plaza #160
South Riding, VA 20152
Phone: (703) 327-1800

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