A medical practice can lose on average $60,000 in reimbursement simply through undervaluing its current services during the medical coding process.
Coding compliance is top of mind for many providers due to the transition to the ICD-10 code set. However, the massive expansion has left providers struggling to know the correct codes to use, the level of specificity required and if their clinical documentation sufficiently captures their medical decision making.
Undercoding can lead to a serious loss of revenue for providers and practices who avoid coding to the highest specificity due to auditing concerns or a lack of confidence in their coding processes. Reporting clean and accurate claims has never been more important than it is today and your practice’s financial future can literally depend on the next claim you submit. Are you ready?
Watch our webinar to learn how to increase your practice revenue and reimbursement through optimized coding practices in line with the new ICD-10 coding standards.
Yvonne Russell is the Director of Auditing and Reimbursement Services at Intermedix. Yvonne has more than 15 years experience providing coding education to healthcare providers, including weekly presentations as part of her position supporting billing operations to physicians, mid-level providers, nursing, practice administrators and support staff in a primary care setting. She has presented on a variety of topics to large groups including "Managing Medicare Preventative Services," "Coding Community Health," and "Managing Missed Appointments" for organizations including the UNC Hospital System and Triangle Medical Managers (local chapter of the NCMGMA). In 2014 and 2015, she received awards from United Healthcare for her focus on improving the health and wellness of their Medicare Advantage plan members.