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Friday, March 29, 2013

ICD-10-CM Impact on your practice revenue stream:

How to handle the revenue stream before it handles you !

In previous post we have discussed the importance of running billing reports of commonly used codes. This aspect of handling your revenue stream will be vitally important after Implementation.  

  1. Identify revenue received from ICD-9 codes
  2. List each code separately and reimbursement amount
  3. After Implementation begins create spreadsheet for cross walked codes, identify reimbursement amounts as well as any changes you can identify. Track this information for at least 60-90 days after Implementation 
These 3 steps will be vital in tracking expected reimbursement as well as giving clear indications of revenue gain or loss....

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