How ICD-10 will affect your practice?

The new system of disease classification, known as ICD-10, is the biggest change coming to the healthcare industry. It is going to replace the current, ICD-9 codes and will roughly add 40,000 new codes to the system. Practices, hospitals, healthcare centers will have to get used to this system not only for their daily workflow, but also for their billing and revenue cycle management.

While big hospitals and healthcare centers have already started demoing the system, smaller practices are still lacking behind. Patient information, patient notes, e-Prescribing, e-Labs, Patient Portals, medical summaries, claims processing, insurances and eligibility checks are some of the areas that will be affected by the implementation of ICD-10 codes, which come into effect October 1, 2014.

For Further Read, Visit: http://blog.curemd.com/how-icd-10-will-affect-your-practice/