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Don’t let Medical Billing and Coding Challenges in 2014 Increase your Financial Worries 2014 is set to be a challenging year for medical practices. Even if ICD-10 deadline has been extended to 2015, providers need to prepare in order to avoid financial worries. Medical billing and coding will become more difficult in the coming years due to major changes being introduced by the Affordable Care Act. Due to change in regulations, providers will be asked for more documentation in order to complete the billing procedure. Rollout of healthcare reforms will also increase stress on practices.
It has been revealed by the CMS that “incident to” services should be furnished in compliance with state law. As embedded in the document announcing 2014 fee schedule for Medicare, providers will have to follow the scope of practice for his or her state for billing “incident to”, which refers to services billed under a physician’s NPI but performed by another provider in the physician’s office
In conjunction with ICD-10 coding, a new CMS 1500 form will be used. Providers will have to accompany documentation with this form starting April 1 or else claims will not be accepted
Government’s latest pay-for-performance program, the value-based modifier, will be implemented for groups of 10 or more eligible professionals in 2016. The rolling out will be based on the coming year’s performance www.medicalbillersandcoders.com Copyright ©-2013 MBC. All Rights Reserved.
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