5 Ways Medical Billing Services Can Streamline Your Practice

The healthcare industry is no stranger to change, and staying updated is essential. In 2024, significant modifications are underway in the ICD-10 code set, impacting healthcare providers across the board. Understanding these changes is pivotal for delivering quality care and maintaining compliance.

The 2024 ICD-10-Code Set Changes include:

  • The addition of 395 new codes.
  • The deletion of 25 existing codes.
  • The revision of 22 codes.

  • These changes will have a significant impact on the revenue cycle for healthcare organizations. The latest and changed codes will assist in capturing the patient’s health conditions precisely, ensuring the medical necessity of services delivered, improving first-pass ratios of claims, and avoiding denials.

    Some of the specific changes to the 2024 ICD-10-CM code set include:

  • Certain Infectious and Parasitic Diseases: New codes are added throughout the code set to identify known conditions with improved specificity. For example, a new code A41.54 is added to identify sepsis due to Acinetobacter baumannii
  • Neoplasms: New codes indicating foreign body sensation in the circulatory and respiratory systems (R09.A-) and nontraumatic coma due to an underlying disease (R40.2A) are introduced.
  • The October update to the Table of Drugs and Chemicals includes new codes for gadolinium (T56.821-T56.824) related to injury, poisoning, and other external causes
  • External Causes of Morbidity: 123 code updates in Chapter 20 capture details about accidents and injuries

  • To prepare for these changes, healthcare organizations should:

  • Verify their coding methods to ensure new code set compliance. Staff may need updated coding software and code training.
  • Communicate with patients and payers about the upcoming changes and how they may impact billing and reimbursement processes.
  • Stay updated on any additional information or resources provided by CMS and other industry sources to help navigate the transition to the new code set.

    Leveraging Technology to Simplify and Secure Coding Updates

    Our cutting-edge medical coding solution eliminates the stress associated with frequent coding updates. Powered by a sophisticated AI engine, it accurately assigns medical codes to patient charts in real-time. What sets us apart is our rapid response to coding updates. The moment governing organizations like CMS or the American Medical Association release new information, our team promptly assesses, translates, and integrates these updates into our software.
    Additionally, Clinic Heroes’ medical billing solution offers valuable assistance to medical providers. With their comprehensive platform, medical practices can streamline billing processes, ensuring accurate and timely submissions.
    It not only reduces administrative burdens but also maximizes revenue for healthcare providers. Clinic Heroes’ advanced features and user-friendly interface make it an invaluable tool for practices looking to enhance their financial performance. What is the significance of the 2024 ICD-10 Code Set Changes for healthcare providers?
    The changes in the ICD-10 code set for 2024 have a substantial impact on healthcare providers as they influence billing accuracy, medical necessity, and claims processing.

  • Frequently Asked Questions about Clinic Heroes Services

    There will be 395 new codes incorporated into the 2024 ICD-10 code set.
    Yes, 25 existing codes will be removed in the 2024 ICD-10 Code Set Changes.
    The changes will impact various areas, including infectious and parasitic diseases, neoplasms, injury, poisoning, and other external causes.
    Certainly! One notable change is the addition of code A41.54 to specify sepsis caused by Acinetobacter baumannii.
    The changes will assist in accurately documenting patients' health conditions, ensuring the medical necessity of services, and improving the first-pass ratios of claims.
    They should review coding practices, communicate changes with patients and payers, and stay updated with additional information from relevant organizations.
    Clinic Heroes' medical billing solution streamlines billing processes, ensuring accuracy and timely submissions, ultimately maximizing revenue for healthcare providers.
    You can refer to authoritative sources like CMS and industry-specific publications for comprehensive information on the 2024 ICD-10 Code Set Changes.

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