INDIANAPOLIS--(BUSINESS WIRE)- Hospitals are racing to meet a January 1 deadline to adjust to billing code changes that affect invasive cardiology (IC) and interventional radiology (IR) services, two lines of business that account for nearly 13% of hospital revenue, according to a Kodiak Solutions analysis.

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Monthly initial denial rates for invasive cardiology and interventional radiology services ran higher than for all outpatient services for each of the past 12 months, according to a Kodiak Solutions analysis of its proprietary data.

Hospitals, health systems and medical practices first learned of the potential changes in July, when the Centers for Medicare

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