Ideal Billing Solutions is a medical billing services company in West Palm Beach Florida. Since October 1, 2015, the company has gotten phone calls from physicians and healthcare providers asking questions about ICD-10. The company’s management says that learning these new codes takes education, time and hard work. Before these codes were implemented, there were only around 14,000 diagnosis codes in ICD-9.
Many physicians today do not understand how these new codes work.
A lot of physicians and hospital administrators are asking themselves, “How can I submit these claims properly if I don’t understand the new codes?” Social media is buzzing about these new codes because most medical practices are not prepared.
If a medical biller submits these codes incorrectly, a physician may have to wait as long as 90 days to see a payment. The new codes also require new software because the new codes often require longer digits.
The company says that physicians can save both time and money if they outsourced their billing to a professional company that does this as their full-time job. The company says that their clients are already seeing a higher return on their claims when they are submitted to the insurance companies.
In other countries, there has already been a slowdown of billing and payment because of the new codes. Ideal Billing Solutions works closely with their clients in order to educate them on these new codes.
The new codes require doctors to be more specific in their documentation and to code their patients stages of healing. Without correct knowledge of these new codes, there will be more confusion and rejected claims.Outsourcing your coding to a professional medical billing company that understands these new codes will often get you paid faster and correctly.