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Common Medical Billing Errors that every Healthcare Provider needs to avoid

Medical billing errors are quite common and the cost of these errors is extremely high.

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Common Medical Billing Errors that every Healthcare Provider needs to avoid

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  1. There is an updated version of the coding system waiting on the horizon to be implemented. While some practices are still getting accustomed to ICD-10, getting a grip on new processes and waiting for payments to come rolling in. The ideas of having a new set of codes have elicited some groans already. This is because the US healthcare industry has had a long and very complex tradition to ICD-10. But the good news is that ICD-11 promises to be less complex. It has been designed to be EHR-friendly which will prove beneficial for the Medical Billing Services Providers. It will provide significant improvements on the previous versions and will be presented in a user-friendly format. Some of the key features that can be expected in the ICD-11 http://www.247medicalbillingservices.com

  2. Here are some of the key features that can be expected in the new code set: It will be fully electronic which will allow easy integration with electronic data sources. As the disease classification system has been updated, it will remain consistent with the current medicine and science. Since external stakeholders have also provided inputs and recommendations, the development process for ICD-11 has been very collaborative. Compared to ICD-10 that has 14,400 codes, the new edition will have 55,000 codes for diseases, injuries and causes of death. Some of the key features that can be expected in the ICD-11 http://www.247medicalbillingservices.com

  3. It has become necessary for Medical Billing Services Providers to start exposing their coders and clinical documentation experts to some of the ICD-11 concepts. This will help them in establishing a comfort level with the new version and enable them to implement the coding set effectively. There are several training videos and ICD-11 beta versions also available online to help practices prepare for the transition in a better manner. Some of the key features that can be expected in the ICD-11 http://www.247medicalbillingservices.com

  4. 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 ServicesTel: +1 888-502-0537Email: info@247medicalbillingservices.com Some of the key features that can be expected in the ICD-11 http://www.247medicalbillingservices.com

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