The adoption of the new ICD-10 Compliance will have many positive changes. It will replace the outdated codes that were based on what was known about medicine and medical care 30 years ago. It will improve the fairness of payments for complex conditions and offer enhanced diagnostic specificity. It will reduce fraud. It will open the door for the implementation of new pricing and reimbursement structures.
But the biggest impetus to prepare for ICD-10 Compliance is that it will be required to obtain authorization from a managed health plan. For many physical therapy practice owners and other healthcare providers, the thought of making this transition is daunting. The Department of Health and Human Services Secretary Kathleen Sebulius explained the reason to delay adherence ICD-10 Compliance until beyond the proposed October 1, 2013, “We have heard from many in the provider community who have concerns about the administrative burdens they face in the years ahead.”
At BMS Practice Solutions, we remove that burden. Our customers benefit from the peace of mind of knowing they are in complete compliance – through the use of our RevFlow practice management technology and a team of experts ready to provide definitive answers to questions that may appear to fall into a “gray area.” Rest assured, when these new ICD-10 codes do roll out, we will help you stay in compliance, so you may receive payment for services without any unexpected delays.
From our standpoint, the best way to prepare for ICD-10 Compliance is to transition to BMS Practice Solutions. To see how our state-of-the-art RevFlow technology can improve your ability to stay in compliance with current coding best practices now and in the future, sign up for a free EMR demonstration.