A new study shows that many health-care providers still don’t understand the value of ICD-10, which is understandable: Maintaining control over the entire revenue cycle and ensuring you are paid for the important work that you do is a significant challenge, and with ICD-10 regulations, it’s only going to get harder. gloStream can help, however.
With ICD-10, the medical code set was expanded to improve the quality of care with more specific data. Properly used, ICD-10 could lead to performance and outcome measurement, quality improvement, and even higher revenue. Key to successful implementation, however, is proper staffing and training, changes to workflows and any necessary software upgrades.
gloStream billing and coding experts and already familiar with the ICD-10 coding system, and they can help you get started. Our revenue cycle management (RCM) team will scrutinize claims for completeness before they are sent to payers, dispute and resubmit claims as necessary, and work your accounts receivable as well. This work lessens the risks of refusals and appeals, allowing for a smoother, quicker payment process—and in the event that claims that go unpaid, our team will communicate with payers on your behalf so that you can spend your time where you should, on patient care.
Plus, gloStream only gets paid after you do – a percentage of collections. As a result, we are incentivized to collect all that we can.
Contact us today for more information about how our RCM service can help you tackle ICD-10.