August 2015 Client Newsletter
ICD-10 - TEST NOW & SECURE A CASH RESERVE
It is time to start testing now. We recommend coding two to three charts per dayso you can test the ICD-10 process you plan to use. Then send to CMB for us to review (send to Rich's attention.)
CPB will be able to handle ICD-10 coding for our clients just as we have ICD-9, as long as your diagnoses are specific enough. Be sure to also test that now by coding real claims. Be sure to send all ICD-10 test Charges in a separate file - to Rich's attention.
Cash Reserve. Just a reminder that while there are differences of opinion in how much cash reserve to have available, all experts are strongly recommending providers have a cash reserve in case the insurers experience processing issue in October. We would suggest three to six months would be a reasonable amount. The amount of money would be three to six times your average monthly expenses. If you will not be able to fund that much, a Credit Line is usually very inexpensive to obtain at a local bank. Cape Bank did a nice job for CMB. If interested, we can give you the name of our contact.
Referring providers: for specialists and sub-specialists - have you verified that your referring providers are prepared to send you valid ICD-10 codes?
ELECTRONIC FUND TRANSFER FOR "PAY PLUS"
2015 PQRS INTERIM CLAIMS
FEEDBACK DATA RELEASED
From MGMA July 23, 2015:
EPs and groups that are reporting 2015 PQRS data through any other mechanism, such as a registry or EHR, will not be able to view their 2015 interim feedback report using the Dashboard. CMS has indicated that data submitted via alternative 2015 reporting methods will be available for review in the fall of 2016 through final PQRS feedback reports."
MOREY'S PIER DISCOUNT TICKETS
As we have done for many years, Morey's Piers allows us to share our Corporate Discount with our clients. Clients interested in taking advantage of these savings for waterpark and amusement rides can email Rich at email@example.com for the website and login information.