Saturday, 13 February 2016

There Is A Slow Down In Collecting Payments From The Insurance Companies

By Lonnie Greenfield


The world is forever changing in the medical industry. Many men and women that have been in the industry for more than a decade will tell you that the new ICD-10 is confusing for many people that do billing. A lot of billing experts today say that the coding is hard because of how much information you have to know. ICD-9 was not as difficult because there were only around 14,000 codes. These codes were around for about 5 years. In today's world, medical billing is changing for many different reasons.

A lot of coders today are asking themselves if they should go back to school or if they should go for their certification. What should they do in order to receive payments? It is a hard choice for a biller to make? In the 1980's and 1990's, you could easily take a stay at home course. You could get a job after studying coding for around 6 months. Now things are a lot more complex. Medical billers must now decide on the best course of action to learn this material.

It is important to see why so many people look the necessary skills to be in medical billing anymore. For starters, the new codes require a good education and possibly certification. Many men and women are finding out that they have to go back to school. It is important to note that the new codes are often hard for people to do correctly because there are so many of them. Can you believe that there are over 69,000 codes now? That is almost 5 times as much information.

It is said that a doctor only gets to spend around 10 minutes a day with their patients. The rest of the time is filling out paperwork and submitting it to the insurance companies. Today, it is important to document everything. You must be willing to document when a patient's health improves and when they get better. It is a hard decision for a lot of doctors to master.

The worst decision that a doctor can make is to try and do medical billing themselves. It takes years of study to become an expert at billing. Doctors must work side by side with their coders. They must discuss anatomy with their biller so that they understand what to write down when submitting claims to the insurance companies. The more that you do this, the better turnout you will have. Medical billers today should know more about anatomy because they need to describe to the insurance company what is going on with the patient.




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