Medical Code Delay Costs Hospitals in Boston, Tampa, Orlando

Picture of WSJ logoIt turns out that the medical code delay of ICD-10 until October 1, 2015 is going to cost hospitals in Boston, Tampa, Orlando and through-out the USA substantial sums.

On May 2nd, the Wall Street Journal published an insightful article on ICD-10 entitled “Medical Code Delay Costing Hospital Big Bucks’. The article speaks to the unintended consequences of legislation and regulation – where ambitions are high, and the cost of unintended consequences are very high.

As the WSJ article notes, ICD-10 “requires hospitals to expand the number of diagnosis codes to 69,000 from 14,000, and procedure codes to 85,000 from 13,000″, representing a substantial increase in medical billing complexity.

This past month, the implementation of ICD-10 was delayed by Congress from October 1, 2014 to October 1, 2015.

Journalist Clint Boulton, who reports for the CIO Journal (of the Wall Street Journal notes that) a “delay in the implementation of ICD-10, a new health-care coding system, will cost some hospitals hundreds of thousands of dollars, increase complexity for an already-complex system, and increase the risk that something will go wrong when the new coding system eventually kicks in.”

Medical Billing Company Available to Assist in Boston, Tampa, Orlando and Miami

As a leading medical billing company, Physicians Billing Service specializes in reducing medial billing costs for medical practices from coast to coast including Boston MAOrlando FLMiami FL and Tampa FL. If you are a medical practice that would like to substantially reduce your medical billing and coding complexity, we would be glad to assist.

Our promises are simple and straightforward:  we only get paid when you get paid, we reduce your expenses, we increase physician productivity, and we have an extensive track-record of delivering on our promises.

To read the full article on the Wall Street Journal web site, click here.

If you are tired of empty promises from those that do not delivery, call to speak to Michelle Stahl, Owner of Physicians Billing Service.  Michelle can be reached via 703-978-0756 or use the Physicians Billing Service online contact form.

By Michelle Stahl, Owner, Physicians Billing Service.

You can Find Michelle Stahl, Owner of Physicians Billing Service on Google+

About Us

We are proud to support leading Physicians & Medical Practices through-out Florida, Maryland, Washington DC, Virginia, Pennsylvania, New Jersey & New York. Your commitment to excellence inspires us! Since 1989, Physicians Billing Service has been committed to excellence in Medical Billing & Collections.

Contact Us

6035 Burke Center Parkway, Suite 390, Burke VA, 22015. Call (703) 978-0756. Fax: (703) 978-7762.
Contact Michelle Stahl, Owner