The result is better patient care, quicker reimbursements and fewer denials, but it will take drastic measures to be implemented in order for practices to make sure that they are not spending too much time on all of the new billing measures and codes.
Denville, NJ (PRWEB) May 07, 2013
Physician productivity is a major factor that influences the profitability of a medical practice. Handling more codes than patients can be detrimental to physicians who are always given the short end of the stick, when it comes to the changing climate of healthcare data and billing practices. It could mean spending more time and effort on medical coding than on treating patients.
Nitin Chhoda, an international private practice marketing expert and a licensed physical therapist, says that the drastic reduction in the time spent with a patient, and the lack of emphasis on maintaining a healthy patient relationship, leaves physicians facing a no-win situation. A factor that will radically affect the billing and medical coding process is the switch from ICD-9 to ICD-10 codes in October 2013 that will introduce 100,000 new codes into the existing system of 13,600.
"The switch to ICD-10 codes will help all practices provide medical coding that more accurately reflect treatments and procedures. The result is better patient care, quicker reimbursements and fewer denials, but it will take drastic measures to be implemented in order for practices to make sure that they are not spending too much time on all of the new billing measures and codes," Chhoda added.
The most cost effective solution for practices would be to outsource the medical coding and billing in addition to utilizing EMR for physical therapy services. EMRs will soon be a fact for every physical therapy practice. Clinic owners who implement an EMR system with correct medical coding will be ahead of the game when the coding changes take effect. Professional coders will play a major role in ensuring that clinicians are compensated for their time and services.
Chhoda’s office can be reached by phone at 201-535-4475. For more information, visit the website at http://www.emrnews.com.
ABOUT NITIN CHHODA
Nitin Chhoda PT, DPT is a licensed physical therapist, a certified strength and conditioning specialist and an entrepreneur. He is the author of "Physical Therapy Marketing For The New Economy" and “Marketing for Physical Therapy Clinics” and is a prolific speaker, writer and creator of products and systems to streamline medical billing and coding, electronic medical records, health care practice management and marketing to increase referrals. He has been featured in numerous industry magazines, major radio and broadcast media, and is the founder of Referral Ignition training systems and the annual Private Practice Summit. Chhoda speaks extensively throughout the U.S., Canada and Asia. He is also the creator of the Therapy Newsletter and Clinical Contact, both web-based services to help private practices improve communication with patients, delivery better quality of care and boost patient retention.