FAQ’s About The ICD-10 End of Flexibilities
I was speaking with one of my personal medical providers (non- Solor client) earlier today. Love this guy! Informed, knowledgeable, great all around gentleman. He and I have had several conversations during my visits about medical billing and the rigorous job his staff does to get claims paid. Today, I asked him if he felt ready for ICD-10 2.0. We had a great discussion about what to expect and about how most folks didn’t even know what was coming and how providers would be impacted. He said, “Most people don’t even know it’s a topic.” He said he spoke to the CEO of a hospital and the CEO’s thoughts were ( I’m paraphrasing) “ICD-10? That was last year.” It certainly was.
I think the magnitude of what is coming is being lost on some practices. As I included in my blog post last week, (Click here) there are several code additions, clarifications, etc. In light of my conversation today, I wanted to make sure that we brush a broad enough stroke on what some of the FAQs might be for this transition. Instead of creating a whole other blog post, there is an existing blog post from icd10watch.com that does a nice job of summing up some of the generalities and suppositions.
The “end of flexibilities” is coming in 2 weeks and it will not be extended. We predict the amount of denials for practices that haven’t focused on education will increase by 300% or more. It’s never too late to get started educating your team. As always, let us know if we can be of any assistance if you have questions about this blog or have other questions about billing workflow. Simply fill out the form below.
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