Follow these few easy steps to help with a smooth transition into ICD-10.
- Don't wait. Set the time aside now to study and become well versed in your ICD-10 codes.
- Have enough cash set aside to cover a minimum of three month's total operating expenses, including your own income, to carry you through the transition period. You will make mistakes, and the insurance carriers are looking to avoid paying claims. There is a better than average chance that your revenue stream will suffer during this time.
- Make sure that your EMR software has been updated with the new codes.
- If you use an in house billing person, make sure that he/she is ready. Don't wait until the last minute. If you employ a medical billing company, ascertain that they are, in fact, ready for the trasition. This includes their software, if applicable, not just their training in the new codes. You should not assume that your medical billing company is ready to go!
- Get in touch with your Clearinghouse to ensure that they, too, are ICD-10 ready.
There is not much time left, but if you handle all the contingencies now, your transition to ICD-10 should be smooth and effortless.