ICD-10 Delay: Stay the Course With Your Training Efforts!
This is just a short delay to the industry’s inevitable transition away from the 30 year old ICD-9 to ICD-10. ICD-10 is coming and Welter Healthcare Partners, Inc. is pulling out all the stops to help our clients prepare for it and be successful. nnICD-10 is a richer data set allowing for more data to be used and transmitted. It will absolutely help the industry document care, document what treatments and modality’s work and how well they work. It will allow providers to better describe their services and why they are necessary.nnICD-10 will also help tremendously as we continue to transition away from a fee-for-service system of reimbursement to a quality and outcomes based reimbursement system like physician centric bundled or episodic payments.nnWe are excited about ICD-10 and the opportunity it will bring to our clients and the industry. We encourage providers, practices, and hospitals to continue training efforts already underway. Determine deficiencies now, as the clinical documentation improvement process and getting your staff proficient with the ICD-10 code set can take time! Take advantage of being ahead of the game! If you haven’t started, we encourage you to do so as this is a huge transition and being completely prepared is the only way to prevent negative impacts on productivity and revenue!n
Need help with an ICD-10 training plan? Contact us today!
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W56.01XA — Bitten by dolphinnnW56.22XA — Struck by orcannW58.13XA — Crushed by crocodilennW61.09XA — Other contact with parrotnnIn preparation for the upcoming deadline for ICD-10 implementation, Welter Healthcare Partners presents weekly ICD-10 Codes of the Week! Our goal is to familiarize you with the new and expanded code set and the additional clinical documentation needed from your providers to comply with ICD-10 coding, and more importantly, for accurate and clean claims submission to keep your revenue stream flowing! We are to help YOU prepare for the October 1, 2015 implementation date. Please don’t hesitate to 
The Senate voted today, (March 31st) to delay the switch to ICD-10 billing codes to October 2015. This is just a short delay to the industry’s inevitable transition away from the 30-year old ICD-9 to ICD-10. ICD-10 is coming and Welter Healthcare Partners, Inc. is pulling out all the stops to help our clients prepare for it and be successful.nnICD-10 is a richer data set allowing for more data to be used and transmitted. It will absolutely help the industry document care, document what treatments and modalty’s work and how well they work. It will allow providers to better describe their services and why they are necessary. ICD-10 will also help tremendously as we continue to transition away from a fee-for-service system of reimbursement to a quality and outcomes based reimbursement system like physician centric bundled or episodic payments. We are excited about ICD-10 and the opportunity it will bring to our clients and the industry.nnWe encourage providers and practices to continue any training efforts already started, as the clinical documentation improvement process and getting your staff proficient with ICD-10 can take time! Take advantage of being ahead of the game! If you haven’t started, we encourage you to do so as this is a huge transition and being fully prepared is the only way to prevent productivity and revenue loss!
The 2014 Medicare Physician Fee Schedule (MPFS) final rule stipulated a negative update to the MPFS that was to be effective January 1, 2014. That reduction was averted for three months with the passage of the Pathway for SGR Reform Act of 2013, which provided for a 0.5 percent update for services paid under the MPFS through March 31, 2014.nnCMS is hopeful that there will be congressional action to prevent the negative update from taking effect on April 1, 2014. CMS has instructed the Medicare Administrative Contractors to hold claims containing services paid under the MPFS for the first 10 business days of April (i.e., through April 14, 2014). This hold would only affect MPFS claims with dates of service of April 1, 2014, and later. The hold should have minimal impact on provider cash flow, because under current law, clean electronic claims are not paid any sooner than 14 calendar days (29 days for paper claims) after the date of receipt. All claims for services delivered on or before March 31, 2014, will be processed and paid under normal procedures, regardless of any Congressional actions.
Z73.1 — Type A behavior patternnnZ73.2 — Lack of relaxation and leisurennZ73.3 — Stress, not elsewhere classifiednnIn preparation for the upcoming deadline for ICD-10 implementation, Welter Healthcare Partners presents weekly ICD-10 Codes of the Week! Our goal is to familiarize you with the new and expanded code set and the additional clinical documentation needed from your providers to comply with ICD-10 coding, and more importantly, for accurate and clean claims submission to keep your revenue stream flowing! We are to help YOU prepare for the October 1, 2014 implementation date. Please don’t hesitate to