Webinar: Ensure ICD-10 Sucess

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Ask the Expert: How to Ensure ICD-10 Success

Wednesday, August 12th, 12 p.m. ET

The October 1 deadline is nearly here, and if your practice isn’t prepared for ICD-10, your cash flow could take a serious hit. In this free webinar, our resident ICD-10 expert will help you assess your practice’s readiness, and discuss crucial strategies to ensure you thrive through the transition.

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Webinar- Your ICD-10 Checklist: Getting Ready for October 1

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Wednesday, June 17th, 12 p.m. ET

ICD-10 is less than 4 months away. Not only do you need to know how ICD-10 will impact your practice, but it is also critical to understand how to plan readiness with other vendors and payers that impact your organizations success.  Without a proactive plan for readiness and risk mitigation, your practice could be facing a difficult and costly transition. So how can you tell if you’re on the right track?
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ICD-10 Training Timeline: Are You Already Behind the Curve?

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ICD-10 looms over Healthcare in America ominously. Many studies project that a tremendous number of ambulatory medical practices will have very significant cash flow shortfalls . Many of them actually may declare bankruptcy, because of the draconian changes in the required billing processes on October 1st, 2014.  A number of sources of information, including the Federal government at CMS, as seen at http://www.cms.gov/Medicare/Coding/ICD10/Downloads/ICD10SmallMediumChecklistTimeline.pd encourage immediate action!

Don’t get caught short.  Arm yourself with the  knowledge that will prove vital to your practice.  Just as it took a year to learn anatomy, it will take your office a year to undertake the painful migration to using ICD-10 for all of your billing.  To state the obvious, if you are not using ICD-10 for all medical services on or after October 1st, 2014, you will not be paid!

To state the less obvious, this is not an issue only for your billing department.  You, the physician, will need to either:

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ICD-10: The Price of Ignorance

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You’ve just been through the nightmarish attestation process for Meaningful Use Stage I and Stage II.  Perhaps, you have even received the sought after Federal stimulus dollars.  Even worse, you’ve struggled through the transition to become a meaningful user of a certified Electronic Health Record, but you haven’t quite caught up yet.  You purchased the wrong system at first and are migrating from one system to another.  Sadly, this is an extraordinarily frequent problem.

You deserve a break.  Unfortunately, with upcoming compliance initiatives , shifting government policies, and Meaningful Use Stage III right around the corner, this can not be so. Now comes an equally daunting task, and one which puts your entire practice’s finances at even more risk than did the migration to an EHR.

As you probably have heard, you will not be paid for any medical services that are provided on or after October 1st, 2014, unless you bill for them using the ICD-10 code set.

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The Need to Deploy Medical Billing and Coding Systems in Practices

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There is no doubt: there have been tremendous developments in the health care industry under some of the booming domains even during the recession. The technological improvements are simplifying physician practice management and it has become imperative to know how to get the best from the technology. Practices are challenged with constantly increasing demands and expectations of the patients and these factors have made them realize the need for a specialized multi-functioning medical billing and coding system.

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