Lytec 2015 was enhanced specifically to minimize the complexity of your ICD-10 switch over and includes the new
CMS 1500 form and a free mobile app for Android and iOS with the all new patient intake features.
LYTEC 2015 ON SALE! CALL NOW FOR A FREE ESTIMATE
Lytec 2015 is now available and we’re running a special limited time discount offer. Don’t miss this great opportunity to save money on the system that will allow your practice to run smoothly through the ICD-10 change over this October. Don’t be one of the practices who suddenly finds they aren’t getting paid because they weren’t ready for the changes.
WATCH A DEMO OF LYTEC MOBILE WITH PATIENT INTAKE
Lytec 2015 comes with a free mobile app for Apple and Android devices that lets you electronically capture charges and diagnosis entries (no more superbills!), view your schedule, submit claims to your biller, and automate the entire patient registration process with the all new patient intake feature. With all the new codes being added this mobile app will save you from having to expand those paper superbills while making it easier for you to lean the new codes.
he ultimate measure of whether a provider's ICD-10 processes are working efficiently and effectively will be days in accounts receivable. There are four gauges, if you will, that when looked at together will indicate to a provider what direction those days in accounts receivable are headed.
Days to Final Bill (how long it takes a provider to generate a bill and send it to an insurer for payment) – This is the biggest potential problem area because of the introduction of the new coding system. Can providers generate a claim using ICD-10 at the same speed and efficiency as they did using ICD-9? We expect this number to slip a bit and then rebound relatively soon as providers get more proficient at using ICD-10. If a provider's number goes up and doesn't come down like everyone else, that's a red flag that needs investigation.
Days to Payment (how long it takes a provider to get paid after submitting a claim) – This is less about providers and more about payers and how well payers are handling the transition to ICD-10. Still, it's important for providers to watch because if their insurers aren't paying as fast as before, the providers can find themselves in a financial pickle. If this number goes up and doesn't return to normal soon, it's something the provider needs to discuss with its payers.
Denial Rate (how well providers are producing claims) – Providers mistakenly think this one is about their payers, but it's really about them. If providers are doing the coding right, in most cases, the claims will be accepted and paid. We expect the denial rate to creep up because of denials for medical necessity. The level of ICD-10 specificity required to prove out medical necessity requires a lot of work by providers. The number should eventually come back down. A provider whose denial rate goes up and stays up may not have enough FTEs with the right expertise doing the coding.
Reimbursement Rate (how many cents on the dollar providers get paid by insurers) – This number reflects and aggregates a provider's payer mix. Poor payers may slip as they struggle with ICD-10. Big payers — primarily large private carriers — are less likely to slip because they're more sophisticated and won't let ICD-10 impact their reimbursement rates either way.
CMS 1500 FORM 02/12
Lytec 2015 includes the new CMS 1500 form (version 02/12) which accommodates ICD-10 and other changes. Medicare will only process paper claims from providers using this version.
Practice Choice for Lytec is McKesson’s cloud-based electronic medical record (EMR) designed to seamlessly integrate with your existing Lytec practice management solution. Practice Choice for Lytec is a great fit for practices that don’t want to disrupt cash flow while learning Electronic Records software.