Earlier this month, the Healthcare Billing and Management Association (HBMA) surveyed members in an effort to assess their experiences regarding commercial payer, Medicaid, and HIPAA-exempt plan ICD-10 readiness.
Fifty-four member companies participated. Although that may seem like a small number, the average HBMA member processes 350,000-400,000 claims per year. Most members operate in more than one state, and multiple specialties are represented. In addition, HBMA member entities do much more than “just billing.” Our members manage every aspect of revenue cycle and some also act as practice administrators. Because HBMA has such depth and breadth of experience with payers, HIPAA-exempt plans, clearinghouses, practice management systems, coding, claims adjudication, and types of practices, it offers a unique perspective to industry ICD-10 readiness.