In order to give providers enough time to prepare, WHO (World Health Organization) released the advance preview of ICD-11 on June 18, 2018. In May 2019, ICD-11 will be presented at the World Health Assembly for adoption by Member States.
Major Driving Factors for Billing Outsourcing in 2019
1. While some practices are still getting accustomed to ICD-10,
getting a grip on new processes and waiting for payments to
come rolling in, there’s an updated version of the coding
system waiting on the horizon to be implemented. In order to
give providers enough time to prepare, WHO (World Health
Organization) released the advance preview of ICD-11 on
June 18, 2018. In May 2019, ICD-11 will be presented at the
World Health Assembly for adoption by Member States. This
new code set will come into effect on 1st January 2022. So
practices have sufficient time to prepare for the new version
and to train health professionals.
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2. Here are some of the key features that can be expected in the new code
set:
1. It will be fully electronic which will allow easy integration with electronic data
2. source
3. As the disease classification system has been updated, it will remain
consistent
4. with the current medicine and science.
5. Since external stakeholders have also provided inputs and
recommendations, the development process for ICD-11 has been very
collaborative.
6. Compared to ICD-10 that has 14,400 codes, the new edition will have 55,000
codes for diseases, injuries and causes of death.
7. ICD-11 will capture data in a better manner related to healthcare safety. It will
help in identifying and reducing unwanted events that can harm health.
8. It will have new chapters, including chapters on sexual health and traditional
medicine.
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3. About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing
Services’ and support physicians, hospitals, medical institutions and
group practices with our end to end medical billing solutions. We help
you earn more revenue with our quick and affordable services. Our
customized Revenue Cycle Management (RCM) solutions allow
physicians to attract additional revenue and reduce administrative burden
or losses.
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
http://www.247medicalbillingservices.com