Experts tell doctors to ready cash reserves for switch to ICD-10

07/31/2013 | PhysBizTech

Physicians should plan to have cash reserves to cover three to six months of operating expenses or a line of credit to handle reimbursement delays brought about by next year's transition to ICD-10 codes, billing experts said. MediGain's April Arzate said despite advance planning and testing, physicians, especially those in smaller practices, should plan on some delays. Clint Hughes, also of MediGain, recommends approaching banks for loans now, if one is needed. "The bank will be more open now than if you come to them desperate because you're two months behind," he said.

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