Change has always been an integral part of the healthcare field. With new scientific research, technological advances, etc., you constantly make changes to improve your processes and better aid your patients. Simultaneously, insurance providers, both public and private, change their policies regularly. While it can be frustrating adapting to these changes, it is necessary to stay current to be reimbursed properly. To help you, we have the following suggestions on how you can stay ahead of industry trends.
Reach Pro Status with ICD-10
Yes, it has been over a year since the switch was made from ICD-9 to ICD-10. However, even if you feel familiar with this system, there are over 140,000 diagnostic and procedure codes. Not all of these will apply to your practice. However, it is important that you keep training in the ICD-10 system to stay ahead and to be prepared for any future changes. And if you don’t want to be the one staying up to date, contract with a professional coder.
Utilize EHR Systems
The electronic health report (EHR) system was created specifically to improve efficiency and costs for healthcare. A large majority of hospitals nationwide has implemented EHR as their primary form of patient records. Mastering this will make it that much easier to implement changes in billing and coding protocol.
Continue Your Education
One major way to stay ahead altogether is participating in training programs and continued education in your specific field. Different specialties have different procedures and codes to go with them. Study and train on new trends within your field and medicine in general to get credentials and have the knowledge that others in your field lack of new and improved practices.
Changes in coding and billing are effected not only by medical trends, but political legislation changes and insurance providers. In his first days of office, President Trump has already signed an order changing the in-place Affordable Care Act. State legislatures can also pass laws that influence billing trends. Pay attention to changes from insurance providers and the government that can potentially impact you.
In the field of billing and coding, history has shown that change is inevitable. Instead of dreading future modifications, work to stay ahead of the curve by learning as much as you can about the systems in place and being aware of trends that could potentially affect your billing practices.
Tyler Vogelsberg graduated with a Bachelor’s degree in English and a minor in Psychology. He spends his time editing children’s books, writing freelance, and finishing his own novel. When he’s not working, he either has his head in the clouds or in a book, or he is spending time with friends and family.