Report: 88% of 200+ Bed Hospitals Outsourcing Their CDI Realized Over $1M in Savings

Hospitals Outsourcing Their CDI_Medical Device Startups Leads The Midwest In VC Funding

88 percent of 200+ bed hospitals outsourcing their CDI currently report to have realized significant (over $1M) gains in appropriate revenue and proper reimbursements following the implementation of clinical documentation improvement program yet before ICD-10, according to the recently published Black Book survey. Additionally, 83 percent confirm quality improvements and increases in the case mix index. The survey of 650 hospital technology and physician leaders found outsourced coding and
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HHS: ICD-10 Transition Date Finalized for Oct. 1, 2015

ICD-10 Transition_HHS Seeking Innovative Entrepreneurs for HHSentrepreneurs Program

Yesterday, the HHS issued a rule today finalizing Oct. 1, 2015 as the new ICD-10 transition date, according to a news release. This deadline allows providers, insurance companies and others in the health care industry additional time to ramp up their operations to ensure their systems and business processes are ready to go on Oct. 1, 2015. The one year delay has financially impacted healthcare organizations costing an estimated range between $422 million for smaller providers and up to a
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6 Ways to Take Advantage of the Delay in ICD-10 Compliance

6 Ways to Take Advantage of the Delay in ICD-10 Compliance

William McElmurry, Senior Vice President at SoftServ Inc. shares six ways you can utilize the one year delay in ICD-10 compliance to your advantage. Those who invested early on in ICD-10 implementation may feel a level of frustration with recently signed legislation delaying ICD-10 compliance one year to October 1, 2015, but it may be a blessing in disguise. All organizations required to implement ICD-10 can take advantage of the delay, viewing it as an opportunity to re-assess their
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NextGen Healthcare and 3M Partner to Offer ICD-10 Education Program

NextGen Healthcare and 3M Partner to Offer ICD-10 Education Program

NextGen Healthcare Information Systems, LLC., provider of healthcare information systems and connectivity solutions, announced today it has teamed with 3M Health Information Systems to offer 3M’s robust, web-based ICD-10 Education Program industry wide. The agreement strengthens the arsenal of resources NextGen Healthcare makes available to aid both clients and non-clients as they successfully transition to ICD-10. Designed to help ease the transition from ICD-9 to ICD-10, the 3M ICD-10
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Nuance’s Clintegrity CDI Generates $2.2M Gain in Revenue for Valley Medical Center

Nuance's Clintegrity CDI

Nuance's Clintegrity CDI generates $2.2 million gain in appropriate revenue and enables 11% improvement in Case Mix Index (CMI) for Valley Medical Center.  Nuance Communications, Inc. announced today that Valley Medical Center, part of the University of Washington Medical Center, has achieved higher levels of clinical excellence and gained additional revenue through proper reimbursements thanks to Nuance Clintegrity 360 solutions. Valley Medical has improved the quality of clinical information
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5 ICD-10 Areas that Should Not Be Delayed

5 ICD-10 Areas

As healthcare organizations around the country struggle with the impacts of the latest ICD-10 delay, many are looking for ways to mitigate the financial and productivity impacts. Healthcare organizations can now take advantage of the additional time and refine their ICD-10 plans in such a way that minimizes impacts on productivity and reimbursements to more fully realize cost and quality improvements. Here are five ICD-10 areas that should not be delayed according to Wolters Kluwer Health: 
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CMS Extends Partial Code Freeze for ICD-10-CM PCS and ICD-9-CM Codes

Today, Centers for Medicare & Medicaid Services (CMS) announced that the partial code freeze on updates to the ICD-10 and ICD-9-CM diagnosis and procedure codes will continue until October 1, 2015. Regular updates to ICD-10 will begin on October 1, 2016, one year after the newly announced compliance date. According to the official statement, "the ICD-10 Coordination and Maintenance Committee will continue to meet twice a year during the partial freeze. At these meetings, the public will be
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Prior to ICD-10 Delay to 2015: 44% of Physicians Were Unprepared

keep-calm-and-embrace-icd-10

Before the ICD-10 delay to 2015 by the government, 44 percent of physicians did not know whether they would be ready, according to the 2014 Practice Profitability Index (PPI). In fact, another 25 percent were certain they would not be prepared and face high transitions and ICD-10 upgrade costs.
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