MedicalBillersandCoders.com has identified some basic healthcare concerns that will govern decision-making and policies in the year 2014. Some of the most prominent challenges that healthcare practitioners face today can be listed here

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Top 10 Healthcare Concerns for 2014
MedicalBillersandCoders.com has identified some basic healthcare concerns that will govern
decision-making and policies in the year 2014. Some of the most prominent challenges that
healthcare practitioners face today can be listed as follows.
1. Billing Errors: With the advent of technology and electronic billing, the risk of manual errors
has been greatly minimized, but the probability of committing errors related to coding still
exists. These errors lead to delays in payments, non-reimbursements and even strained
relationships with patients or insurance companies. Unless we have dedicated organizations
who take utmost care in managing and delivering data, we shall continue to be affected by
errors that can easily be avoided.
2. Staying Up to Date with Coding: A major part of ensuring a smooth revenue cycle for any
healthcare facility is its billing process. With the government implementing changes and updates
in the codes frequently, we believe staying up to date with latest coding and terminologies is the
key.

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For institutions that have not outsourced their billing process, training the staff continually and
updating the software becomes a challenge as it takes its toll on the core areas of a hospital
which is more medical in nature than administrative.
3. ICD 10: As the implementation of ICD 10 codes were to happen in October 2014, medical
billers would have had to add about 57,000 new codes to the practice. These, along with
another set of 85,000 procedural codes would transform this industry.
4. Collaborations: Many healthcare giants are collaborating to consolidate their billing and
coding needs. This may lead to a monopoly like situation where small players will be uprooted or
will remain outdated in their approach.
5. Adoption of EMR (Electronic Medical Services) debate: As codes and software become more
and more complex, there is a parallel debate on whether dependence on paper billing or other
traditional methods is now a thing of the past. Early adoption of EMR can iron out a lot of gaps
that may eventually lead to delayed reimbursements, etc.
6. Population Increase: Every year the burden on medical facilities is only increasing. With
inclusion of patients above the age of 65 in the insurance cover, there is a new age bracket of

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patients that doctors and hospitals need to attend to. These are new developments and thus
remain areas for concerns.
7. Diseases: With advancements in economy and better living come greater problems like new
diseases, allergies and health threats. It is thus important for all concerned in this industry to
keep abreast with new disorders and diseases in order to update technology with the latest
medical techniques and tests that may be required to deal with upcoming medical problems.
One needs to account for these changes so as to not let the payment process suffer.
8. Revised CMS 1500 Form: CMS’ newest form that accounts for new codes under ICD 10
guidelines is something that needs to be understood fast.
9. CPT Code Changes: With the AMA announcing a plethora of coding changes; it has become
virtually cumbersome to still rely on manual coding. Time has come to adopt technology which
eases out pressures on medical professionals. Frequent changes in this regard need an expert to
stay abreast with it.

4. Call now 888-357-3226 (Toll Free)
http://www.medicalbillersandcoders.com
End to End Medical Billing Solutions
www.medicalbillersandcoders.com
Copyright ©-2013 MBC. All Rights Reserved.
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10. Data Documentation: The on-going threat to lower reimbursements and non-payments
contributes to the fact that data is not been given its due importance. Unless a healthcare
facility realizes that documentation of every data is crucial to their core business, nothing can be
expected in the smooth functioning of a revenue cycle.
MedicalBillersandCoders.com has their eye set on adopting the above methods to bring
efficiency to your systems. We are working round the clock to ensure that a hospital doesn’t lose
out on revenues due to non awareness of critical issues affecting this cycle.