Managing Your Practice
Clean Up Your Revenue Cycle Now: 6 Survival Tips for ICD-10–Induced Payment Slowdowns
Am J Orthop. 2014 May;43(5):205-208
By
Toth CL
Author and Disclosure Information
Cheryl L. Toth, MBA
You have read the scary headlines and dire predictions about ICD-10 claim submission complications and cash-flow crunches. What are you doing to avoid a near-certain slowdown in your revenue cycle this fall?
Assessing and improving specific areas of the revenue cycle cannot only mitigate the risk of ICD-10–induced cash shortages. It can also improve the overall health of your billing and collections processes, resulting in faster payments with fewer problems. Use these survival tips to develop and maintain a solid revenue cycle in preparation for October 1 and beyond.