As medical practices evaluate the option of outsourcing the medical billing functions verses performing the process internally, the related cost of each option should be considered. The analysis involves more than simply comparing the billing firm fee to the salary of internal billing staff. A proper analysis can illustrate a substantial price difference between the two options.
The National Center for Health Statistics (NCHS) and the Centers for Medicare & Medicaid Services (CMS), have issued a record number of new diagnosis and procedure codes for the International Classification of Diseases, 9th Revision, Clinical Modification (ICD-9- CM) every year since 1986. Are you ready to handle the 331 new diagnosis codes that take affect October 1st? Read on to view the list of codes and to see how the changes may affect how your patients illnesses are labeled.