Career Step Publishes Whitepaper on How Physicians Can Protect Revenue After the ICD-10 Transition
Career Step, an online provider of career-focused education and corporate training, has recently published a whitepaper written by Stephen Spain, MD, FAAFP, on the importance of physician training in preparation for the ICD-10 transition, mandated for October 1, 2015.
“Many physicians underestimate the impact the mandated ICD-10 transition will have on their practices,” said Career Step Physician Advisor Stephen C. Spain, MD, FAAFP. “Without proper preparation, there is an increased risk for incomplete physician documentation, which can negatively impact the quality of patient care, produce inaccurate quality reporting data and increase revenue cycle disruption. The good news is that we do not need to become coders to avoid these problems.”
With the mandated ICD-10 transition less than a month away, the whitepaper provides a timely review of the negative impact ICD-10 may have on physician practices. Readers will also gain actionable insights into what providers should be doing now to prepare for the transition and minimize any negative consequences.
With the specificity required for coding in ICD-10, physicians will be at a greater risk of providing incomplete physician documentation. As a result, they may be queried more often by support staff for additional information regarding patient notes or need additional time to code patient procedures and interactions themselves. Regardless of the method used, a lack of preparation before the ICD-10 rollout is likely to result in time lost, which will negatively affect their revenue and collections. However, with the proper, specialty-specific training physicians can protect their revenue.
“We have worked very closely with Dr. Spain to develop a training program designed for physicians and their needs,” said Mike Hodgson, Career Step Executive Vice President of Healthcare Products and Partnerships. “We know that when a physician experiences a decrease in productivity it negatively impacts all other areas within the practice, including patients. Our aim is to help ensure efficiency and improve the lives of everyone in healthcare, and our Physician Training program is just one way we are working toward that goal.”
To view and share this helpful whitepaper from Career Step, visit corporatetraining.careerstep.com/protecting-revenue-whitepaper. For more information on Career Step products and training programs visit corporatetraining.careerstep.com or call 1-888-989-7512.
About Career Step
Career Step, an online provider of career-focused education and corporate training, has trained over 85,000 students, has more than 150 partnerships with colleges and universities nationwide, and provides training for several of the most respected healthcare employers in the nation. Career Step is committed to helping students and corporate employees alike gain the skills they need to be successful in the workplace, improving lives and business results through education. Career Step’s training programs are currently focused in healthcare, technology and administration, and more information can be found at www.careerstep.com or 1-800-246-7836.