BC Advantage - 2015 Issue 7
ICD-10 Readiness: Why Physicians Dont Need to Worry
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Article Overview
This piece addresses the operational and financial concerns surrounding ICD-10 readiness for physician practices. It is aimed at providers and office managers who handle billing or are considering outsourcing billing services, and it discusses broad themes such as transition preparedness, revenue-cycle impact, vendor features, and practice-management technology options.
Why This Topic Matters
ICD-10 transitions can affect billing operations, claim handling, and administrative workload. Understanding the article helps readers evaluate whether to manage these changes in-house or through outside billing and related practice-management services.
Article Sections
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ICD-10 readiness and billing-cycle concerns
Introduces the transition context and focuses on how billing workflow issues can affect practice operations. It frames the article around readiness, documentation, and administrative disruption.
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Outsourcing billing as an alternative
Discusses the option of using an outside billing service instead of handling the process internally. The section compares the general burden of in-house billing with the appeal of outsourcing.
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In-house billing costs
Summarizes the types of expenses associated with maintaining billing operations within the practice. It highlights staffing, overhead, software, and related administrative costs.
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Outsourced billing costs
Reviews broad pricing considerations for outsourced billing arrangements and the kinds of value-added features practices may look for. It also references a published cost analysis in general terms.
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Additional things to look for
Lists general service features and support elements to evaluate when comparing vendors. The section focuses on operational capabilities tied to billing support and practice workflow.
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iSALUS Healthcare promotional information
Provides vendor marketing material describing an integrated practice-management and health records platform. It emphasizes software features and cloud-based office workflow support.
What You Will Learn
- How the article frames ICD-10 readiness as a billing and practice-management issue
- Why some practices consider outsourcing billing during coding transitions
- What categories of costs are associated with in-house and outsourced billing
- Which general vendor features are highlighted for billing service evaluation
- How practice-management and EHR tools are presented in relation to workflow support
Who Should Read This
- Physicians
- Medical practice owners
- Office managers
- Billing managers
- Revenue cycle staff
- Healthcare administrators
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