Fifty-one Percent “Somewhat” Ready for ICD-10: Healthcare Billing and Management Association Survey Reveals
Written by Holly Louie, RN, CHBME, PCS | Monday, 27 October 2014 04:00
The Healthcare Billing and Management Association (HBMA) resurveyed industry members this month in an effort to learn more about current progress toward the anticipated implementation of ICD-10 in October 2015 and ongoing impediments to readiness. Not unexpectedly, there was good news and bad news.
Perhaps most importantly, the results allow us to focus on the problem areas that could potentially threaten a smooth transition. Because HBMA members work directly with providers, practice management systems, clearinghouses, payers, and beneficiaries, our perspective offers depth and breadth on the issues.
In comparison to our previous survey, conducted in May of this year, there were some expected similarities. In both surveys more than 80 companies responded. Sizes of those companies ranged from fewer than 25 employees to more than 300 employees. Participants bill predominately for office-based physicians followed by multiple types of clients, including facilities, ASC, DME, ambulatory, etc. Seventy-nine percent of respondents bill in more than one state. Both proprietary and commercial practice management systems are relied upon by these respondents, and almost all submit claims through clearinghouses, as well as directly to payers. Coding is performed internally by coders who rely upon medical records, by clients, or is otherwise outsourced, computer-assisted, or accomplished using an electronic health record (EHR). Many companies have combinations or all of the above methodologies currently in use.
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