Podiatry Coding & Billing Alert

The 2012 implementation deadline won't change, so now's the time to start preparing.Over the next few years, the entire healthcare industry -- including physician practices, hospitals, and payers -- have the potentially overwhelming task of preparing for two industry initiatives: compliance with CMS-mandated HIPAA transaction standards and converting to ICD-10.Many have compared implementation of these two initiatives to the Year 2000 (Y2K) initiative from more than a decade ago. However, industry experts suggest the HIPAA 5010 conversion and the ICD-10 conversion will actually be more timeconsuming, more costly, and more complicated.If your practice fails to successfully migrate, you potentially face:Delayed or reduced paymentsAudits from multiple regulatory agenciesDamaged relationship with your business partners, including vendors and payersProductivity declines for your coding, billing, and clinical staff.Ensure your practice isn't already behind the eight ball by learning all the keys to the first deadline: the Jan. 1, 2012, version 5010 compliance date.Get to Know Version [...]