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ICD-10-CM Code (M62.84) for Sarcopenia Announced

Effective October 01, 2016, the code M62.84 will be used by the healthcare community for sarcopenia, thus recognizing it as a distinctly reportable condition.  The AIM (Aging in Motion Coalition) announced this ICD-10-C code, as established by the CDC (Centers for Disease Control and Prevention).

What is Sarcopenia?

Defined as a combination of low muscle mass,

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Increase Your Medical Practice Revenue With These 15 Tips

Times are tough – reimbursements are declining and expenses increasing.  Keeping your practice viable in this environment requires being able to identify areas in your medical practice which are bleeding money and working out a strategy to stem the bleed.  While each practice will require a different strategy to boost its bottom line, here are some tips that all medical practices can follow.

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Ancillary Services to Increase Revenue for your Medical Practice

The addition of ancillary services to your existing medical practice can help maximize profitability and serve your patients better.  Patients prefer to have the convenience of getting medications at the medical clinic/office and having laboratory or diagnostic services done by the physician’s setup itself, rather than having to go to different places across town.  Physicians providing patients with these added services are likely to see an increase in both revenues and patients. 

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Stop Revenue Leaks in your Medical Practice

Managing your healthcare revenue cycle is never easy.  Revenue leaks can create havoc with your organizations financial viability.  The root cause of revenue leaks are generally internal, with someone in the system or the system itself, not performing correctly or efficiently.  According to Marc Lion, CEO of Lion & Company CPAs, the average medical practice has a 10 to 15 percent profit leak.

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Florida Hospital Gains $72.5 Million Courtesy its Clinical Documentation Improvement Program

Once an informal process that received significant attention at just a few hospitals; Clinical Documentation Improvement (CDI) is now the backbone of an organizations financial viability.  Essential for patient safety, proper and accurate reimbursement, quality ratings and more, a strong CDI program will ensure documentation integrity – a key factor in the ICD-10 transition. 

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Why you need a CDS System designed for ICD-10

The main reason for the transition from ICD-9 to ICD-10 was greater documentation precision.  However, if the diagnostics is documented by clinicians at a lower level than what ICD-10 supports, it may result in submission of financial claims that are lower.  Such documentation will also cause a patient’s medical record to lack details, resulting in incomplete information for future providers. 

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5 Commonly Used Healthcare Revenue Cycle Management Terms

One of the key components for healthcare providers and facilities, healthcare revenue cycle management can be intimidating and confusing for a lot of people.  Statutory requirements, coding and billing, payments and denials – add to these the various terms and acronyms that are used – and you have a mine-field on your hands. 

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