ICD-10 Transition: How to spend the next 21weeks? http://goo.gl/iNWo8Zs

1. ICD-10 Transition: How to spend the next 21
weeks?
© CureMD Healthcare

2. Road to ICD-10
• I, like many physicians have asked myself the same
question over the last few months while
contemplating on ICD-10
• Is it worth spending so much time and money in
preparing for a transition that has not taken place for
the last three years?

3. Road to ICD-10
• While contemplation in itself is not a bad thing, not
doing anything while you are at it might be. It’s not
like we can hold out on implementing ICD-10 for
long.
• It is inevitable and the US Health Industry will have to
make the change. Thus, you will have to prepare for
it sooner or later!

4. Road to ICD-10
• Let’s start by listing pros and cons of both scenarios.
If you do not prepare for the transition and it does
materialize on OCT 1, 2015; you will be gambling
with the overall health of your practice.
• CMS has predicted that ICD-10 will increase your
denials by 100%. These stats are for a relatively
healthy and ICD-10 prepared practices - imagine
what this would be like for an unprepared one.

5. Road to ICD-10
• On the contrary if you do decide to prepare, things
that you undertake in preparation for ICD-10 are
good for you; irrespective of whether the transition
is on time or not
• Medical specificity for treatments, for example, does
your medical practice and your patient more good
than harm

6. Road to ICD-10
• Amending outdated billing practices will increase
your bottom line in the future; protecting you against
many changes (other than ICD-10) affecting the
medical billing industry
• Keeping this in mind, CureMD has introduced its
“Road to ICD-10 Series” tackling physician pain points
in this overall transition. Subscribe to this blog for
updates on all future Webinars in this series

7. Road to ICD-10
• With less than 21 weeks before the curtain falls on
ICD-9, what is your plan of action?
• I will go at ICD-10 on my Own
– Experts at CMS suggest that an average sized practice
should give itself 18 weeks to prepare for ICD-10.
– You might feel that you have enough time and want to go
at ICD-10 on your own. I would suggest that you attend
CureMD’s webinar “Stop Fighting Denials” to figure out
ways to minimize the financial damage of ICD-10
transition. “

8. Road to ICD-10
• I am still Un-decided
– For those of you who are still confused about your plan of
action, CureMD recently conducted a webinar on “Should
you Outsource Billing for ICD-10?”
– The main agenda for this presentation was to help
practices assess their readiness for the upcoming change
and to suggest a way forward.
– Should they continue with the transition on their own,
should they just switch their software vendors (EHR and
Practice Management both),or should they outsource
completely to a third party revenue cycle management
company?

9. Read more on blog.curemd.com
• To read more on this topic, visit:
• http://blog.curemd.com/icd-10-transition/

10. CureMD Healthcare
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10271
Ph: 212.509.6200
www.curemd.com
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