It seems that this year in particular there are so many changes in the field of medical billing that it is cause for concern in many medical offices. With the implementation of the Affordable Care Act, (more commonly known as Obamacare) (and what’s affordable about it??) the implementation of ICD10 diagnosis codes, the threat of being penalized for not satisfying the PQRS requirements and the newly revised CMS 1500 forms there is almost panic in many medical offices.
Everyone is asking how the Affordable Care Act is going to affect them and who really knows. It’s going to cause more people to be covered with health insurance so there will be more doctor’s visits and more insurance billing to be done. Other than that we don’t know what will happen.
The requirement to file claims on the newly revised CMS 1500 form requires new software. This can be an expensive upgrade for many. Some offices do not want to go through this and are looking for alternatives.
The implementation of ICD10 codes is going to be a challenge for many offices. As we haven’t seen a change like this in many years it is difficult to predict how it will affect us.