Presented byAngomark, MedicalBillingStar

Is ICD 10 Proving To Be Too Expensive For Small

Practices ?

Will Your Practice Get Caught, In The ICD 10 Quicksand?

55,000 more codes and an entirely new coding construction is no amble in the park.

Small medical practices will be forced to align with clinics to endure in this tough economic climate.

Another Nail In The Coffin For Small Practices…

ICD 10 is being associated to Y2K.

It is highly unlikely that ICD 10 will be postponed once again. Or like what most medical practitioners, pray for nowadays, simply disappear.

ICD 10 Comes With An 84,000$ Price Tag !

Don’t gasp! That is the figure put down by the MGMA.

For the small practice that is barely making ends meet, this is an astronomical amount.

And The Price Is Not The Only Headache…

If the fear of hogging headlines is the major fear of big hospitals.

To keep the lights on in the building is the biggest challenge of small and medium practices.

A Few Challenges That ICD 10 Throws in The Face of Medical

PractitionersLoss of productivity .

A hit in the coders efficiency and working hours during the transition.

Expensive system upgrades.

Why ICD 10 is Nothing Like Its Timid Cousin ICD 9

141,000 codesLonger alphanumeric codesMore emphasis on exact clinical documentation5,500 small hospitals will be affectedComes at a price tag of $84,000

Who Will, Reach The Finishing Line…

Only 36% of 722 physicians surveyed are ready for ICD 10

Small practices will be hit the hardestOver $2000 needed for education alone$20,000 could be the cash flow disruption while

implementing

How To Survive Without Sinking !

Focus on clinical documentationHold training sessionsVerify if your EMR is compatible Sit with your biller to redesign super billsConsider outsourcing coding tasks

5 Questions You Need To Ask Your Vendors !

Have you upgraded your systems to HIPAA 5010?

Can you offer online coding support? What resources do you use? What is your risk mitigation plan? Can you help me scale down on costs?

Thank You

For taking the next big leap with a trusted ICD-10 Medical coding partner visit us

http://www.medicalbillingstar.com/ or touch base with us anytime @ 1-877-272-1572