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What Coding Knowledge Does Your Medical Billing Company Have?

October 30, 2014
Medical_coding-2 (1)When it comes to medical coding services, it’s important to have knowledgeable specialists performing this task in order to reduce the odds of an audit and ensure timely payment. Do you know what coding knowledge your medical billing company has? Read on to find out why partnering with a knowledgeable, experienced team can make all the difference.

ICD-9 to ICD-10 Transfer

The change from ICD-9 to ICD-10 will result in an increase from 13,000 different codes to 68,000 codes. This new code set expands from five positions to seven, and requires more information be entered into a code as well, increasing the time it will take for each entry.

To make matters more confusing, the new code set will only be used to report procedures for inpatient claims, while the other codes sets will continue to be used for other circumstances. The confusing new set of rules makes it more imperative than ever that your medical coding services be performed by someone with precisely the right skill set.

We provide ongoing training to our specialists to help them adjust to changes in the industry. As such, you can ensure we are not caught off-guard by these changes, and in fact have been preparing for them for quite some time.
Other Benefits

In addition to being familiar with ICD-10 changes, knowledgeable coders will also:

  • Be familiar with the different requirements of various insurance companies to include contractual obligations
  • Accurately use CPT codes, ICD-9 or ICD-10 codes and HCPCS Level II codes where needed
  • Ensure the accuracy of their work so that clean claims are submitted with the first invoice
  • Be able to review medical records and assist with filing an appeal if the need arises

The right medical coding services can make all the difference when it comes to the amount of revenue your practice receives. It can greatly improve your efficiency, which will help you pad your bottom line. When working within such a complex system like medical codin, hiring someone with in-depth knowledge is of the utmost importantance.

So if you are curious about how M-Scribe can save your practice money, please contact us today for more information.


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