Here is a quick update to let everyone know how things are progressing with ICD-10. We couldn’t be more pleased. All the hard work and preparation is paying off.
Claims are processing with very few denials. Since October 1st we are seeing the same efficiency of first pass resolution of claims submitted as we did before October 1st, approximately 98% for claims submitted from RevFlow. In addition to confirmation of claims being accepted, we also have confirmation of EOBs from several payers that claims are adjudicating and paying correctly.
Thank you to everyone for the work we all did leading up to October 1st, especially in September to make sure all patients had both ICD-9 and ICD-10 diagnosis codes so that we could make October 1st “Just another Thursday.”
As we get more information we will continue to pass along results.
John Wallace, CEO
BMS Practice Solutions