As of October 1, 2015, medical providers are required to switch to using ICD-10 codes, a disruptive change that is causing an uproar in the industry. Instead of getting frustrated, you should embrace these codes in the following ways. The proper management of your hospital depends on it.
Learning this new coding system is going to take some time, but it’s important to be as specific as possible when writing the claim. Otherwise, claims might get rejected and your hospital might lose money, as a result.
Detailed reports include how an injury or sickness happened, what the person was doing prior, and the location of the accident. It’s details like these that help departments stay specific when submitting claims, increasing their likelihood of going through the first time.
Create a Fund
Like many changes in a system, errors are going to occur. That’s why you should create a fund specifically for human errors produced when working with the ICD-10 codes. This fund helps absorb costs associated with rejected claims because of errors. Once your staff has gotten the hang of this coding system, you can put less and less into the fund.
Change in the healthcare industry is always going to be scary, but like many things, it is par for the course. The better equipped your hospital is at working with ICD-10 codes, the less errors that will happen.