At 84,000$ Will ICD 10 Sound The Death Knell For Private Practices ? For more info Visit us http://www.medicalbillingstar.com/blog/at-84000-will-icd-10-sound-the-death-knell-for-private-practices/

1. Is ICD 10 Proving To Be
Too Expensive For Small
Practices ?
Presented by
Angomark, MedicalBillingStar

2. Will Your Practice Get Caught,
In The ICD 10 Quicksand?
 55,000 more codes and an entirely new coding
construction is no amble in the park.
 Small medical practices will be forced to align
with clinics to endure in this tough economic
climate.

3. Another Nail In The Coffin For
Small Practices…
ICD 10 is being associated to Y2K.
It is highly unlikely that ICD 10 will be postponed
once again. Or like what most medical
practitioners, pray for nowadays, simply disappear .

4. ICD 10 Comes With An
84,000$ Price Tag !
 Don’t gasp! That is the figure put down by the
MGMA.
 For the small practice that is barely making ends
meet, this is an astronomical amount.

5. And The Price Is Not The Only
Headache…
 If the fear of hogging headlines is the major fear
of big hospitals.
 To keep the lights on in the building is the
biggest challenge of small and medium
practices.

6. A Few Challenges That ICD 10
Throws in The Face of Medical
Practitioners
 Loss of productivity .
 A hit in the coders efficiency and working hours
during the transition.
 Expensive system upgrades.

7. Why ICD 10 is Nothing Like Its
Timid Cousin ICD 9
 141,000 codes
 Longer alphanumeric codes
 More emphasis on exact clinical documentation
 5,500 small hospitals will be affected
 Comes at a price tag of $84,000

8. Who Will, Reach The
Finishing Line…
 Only 36% of 722 physicians surveyed are ready
for ICD 10
 Small practices will be hit the hardest
 Over $2000 needed for education alone
 $20,000 could be the cash flow disruption while
implementing

9. How To Survive Without
Sinking !
 Focus on clinical documentation
 Hold training sessions
 Verify if your EMR is compatible
 Sit with your biller to redesign super bills
 Consider outsourcing coding tasks

10. 5 Questions You Need To Ask
Your Vendors !
 Have you upgraded your systems to HIPAA
5010?
 Can you offer online coding support?
 What resources do you use?
 What is your risk mitigation plan?
 Can you help me scale down on costs?

11. Thank You
For taking the next big leap with a trusted
ICD-10 Medical coding partner visit us
http://www.medicalbillingstar.com/ or touch
base with us anytime @ 1-877-272-1572