All of the hundreds of clients of Harmony Healthcare have successfully converted to the new required ICD-10 diagnostic and treatment codes -- which will protect their revenue streams. The new and much more detailed codes must be used by all HIPAA-covered entities in their health information systems for billing, insurance processing and payment collection.
TAMPA, Fla (PRWEB) October 22, 2015
Harmony Healthcare (an Inc. Magazine 500 Company) proudly reports that all of its more than 200 hospitals, consulting firms and Insurance clients successfully converted to the new ICD-10 coding system – which will protect their revenue streams.
All U.S. Health Insurance Portability and Accountability Act (HIPAA)-covered entities are required to use the new diagnostic and procedure codes by October 1 or face delays in payments and the resulting possible revenue shortages.
Harmony Healthcare and its “ICD-10 Readiness Team” worked with its clients across the country to successfully ensure their transition to the new coding system and classifications.
The full-service healthcare revenue cycle leadership and health information management (HIM) staffing, outsourcing and solution providing company is rapidly growing and based in Tampa, Florida.
Founder and CEO Christopher Brown gives credit to his highly skilled mangers and highly trained co-workers.
“I am very proud of the entire Harmony team,” says Brown. “This was a total team effort that evolved over the past 5 years and pulled in the departments of operations and accounting, as well as account executives, recruiters and many others."
He singled out “our wonderful manager of compliance, audit and ICD-10 education” Monique Borden for her hard work in helping clients successfully switch to the new system.
“Our feedback from our very apprehensive client base shows their concerns have been successfully managed and the clients were outstandingly positively supported by our teams of ICD-10 coders, auditors, clinical documentation improvement (CDI) and educators nationally,” says Borden.
The conversion to ICD-10 system requires hospitals, doctors, insurance companies and others in the health care systems to learn and use 68,000 diagnostic and some 72,000 procedural codes. That’s a huge jump from the 14,000 diagnostic and 4,000 procedure codes used in the now outdated ICD-9 system.
The new code system is designed with much more disease specificity, which will make it easier to study public health conditions; measure outcomes of patient care; and prevent fraud and abuse in the health care systems.
Harmony Healthcare is a leader in providing interim and outsourcing leadership supporting medical records/health information management (HIM), coding, auditing, clinical documentation improvement (CDI) and revenue cycle leadership.
The company’s astounding three-year revenue growth rate of almost 920 percent put it on Inc. Magazine’s 2015 list of the 500 fastest-growing private companies in America.
For the original version on PRWeb visit: http://www.prweb.com/releases/2015/10/prweb13034118.htm