President Obama Signs SGR Reform Bill

In Billing

April 16, 2015

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President Obama signed the Medicare Sustainable Growth Rate (SGR) reform bill, HR 2, into law Thursday, Apr. 16, 2015. The bill restructures Medicare payments to healthcare providers and clears a path towards the mandated ICD-10 implementation date. The bipartisan legislation passed the Senate on Tuesday in a late night session (92-80).
ICD-10 is the mandated replacement for the ICD-9-CM code set used by medical coders, billers, and payers to report healthcare diagnoses and procedures. Its implementation will radically change the way documentation and coding are done and will require a significant effort to implement.

Is this Career for You?

If you search google for medical billing and coding, you will find a host of schools that offer training. If you call, you will be encouraged to sign up for class. Of course, that is normal. However, you need to determine if this career is for you. I mean, you need to REALLY be sure.

Ponder over the following personality traits:

1. Independent: Can you complete tasks without direction? Do you have to be encouraged constantly. Many billers and coders have assignments and they are expected to complete them within a specific time frame.

2. Decision maker: Can you make logical decisions? Do you constantly need to consult with others prior to deciding what should be done?

3. Detail oriented: Do you pay attention to the little things? Are you capable of looking for trends?

4. Organizational skills: You must be organized. You will handle a variety of forms and important documents.

5. Computer literate: Do you know how to use a computer? The basics: attach documents, use word, and etc

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