Affiliated Medical Billing, an affiliate of Yeo & Yeo CPAs & Business Consultants, will host ICD-10-CM training sessions at locations throughout Michigan beginning in January 2014. These sessions have been approved for 4 CEUs by the American Academy of Professional Coders.
The impact of moving to the ICD-10 code set is substantial. Not only does the new code set include five times as many codes as the ICD-9 code set, but the different arrangement of codes will require more documentation, revised forms, retraining of physicians and staff, and changes to software and other information technology.
"The success or failure of ICD-10 implementation will depend on the staff's ability to meet the transitional challenges. The more knowledgeable they are, the better the results. The practice's revenue will depend on whether claims are processed as clean claims or denied for inappropriate diagnostic coding," states Julia M. Lowe, Certified Professional Coder and President of Affiliated Medical Billing.