Archive for March, 2014

ICD-10 Costs Are Much Higher Than Previously Estimated

Posted on: March 17th, 2014

Opponents of upgrades to the new ICD-10, which include the likes of the American Medical Association, has yet another reason to offer criticism. It seems that the costs associated with transitioning to the new coding system may be even higher than what was previously estimated by medical billing experts. A new report, which was funded […]

How To Prepare Your Medical Practice For ICD-10

Posted on: March 15th, 2014

As the deadline draws nearer for transitioning into implementation of the updated ICD-10 codes, many practices are finding themselves struggling to prepare for the new and much more detailed coding system. This transition, as with any new transition, will go more smoothly with the proper planning and strategy. Here are some tips on how to […]

7 Tips For Timely Collection Of Medical Bills From Patients

Posted on: March 13th, 2014

Staying current on accounts receivable is one of the most important components in ensuring that your practice runs as smoothly as possible. Making sure that your patients pay their bills on time may take some time, effort, and planning, but doing so will help make sure that you are reimbursed for the services you provide […]

American Medical Association Is Against Employing ICD-10 Medical Codes

Posted on: March 12th, 2014

Health professionals everywhere are busily preparing to implement the latest incarnation of medical billing codes, the ICD-10 system, which is set to be fully implemented in October of 2014. Many doctors and hospitals have already taken the new codes as a fact of doing business as a medical professional, but members of the American Medical […]

75 Million Americans Have Unpaid Medical Bills

Posted on: March 1st, 2014

Struggling with medical debt? You are not alone. Recent studies suggest that as many as 75 million Americans have unpaid medical bills. In fact, medical debt has surpassed many other types of debt and become the most common type of debt in the United States. Why has medical debt become such a major financial problem […]