Do All Physicians Oppose the Transition to ICD-10?

Coalition for ICD-10

Editor's Note: The Coalition for ICD-10 is a broad-based healthcare industry advocacy group — hospitals, health plans, hospital and physician office coding experts, vendors, and the health information technology (HIT) community— united in support of the U.S. adoption of the ICD-10 coding standard. According to French abstract artist Robert Delaunay, “Our understanding is correlative to our perception.” Many in the healthcare community may have the perception that all physicians oppose the
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Why the ICD-10 Dual Coding Proposal Is A Recipe for Disaster

Coalition for ICD-10

The Coalition for ICD-10 has issued a new position statement in response to the latest trial balloon from ICD-10 opponents, which  proposes that CMS allow a ICD-10 dual coding system approach in which small physician offices would be able to submit claims coded in either ICD-10 or ICD-9 during a transition period after Oct. 1, 2015.  Members of the Coalition are united in making the following statement: Concerns have been raised about the potential financial impact on small physician offices
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CMS Reports 81% of ICD-10 Test Claims Accepted

ICD-10 CMS

81 percent of submitted ICD-10 test claims were accepted during the first ICD-10 end-to-end testing from January 26 through February 3, 2015, according to CMS. 661 healthcare organizations including providers, clearinghouses and billing agencies participated submitting a total of 14,929 ICD-10 test claims, 12,149 of which were accepted. Overall, the results demonstrate the CMS systems are ready to accept ICD-10 claims.  ICD-10 claim test results found the reasons for rejected claims
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ADP AdvancedMD Releases ICD-10 Toolkit Mobile App

ADP AdvancedMD Releases ICD-10 Toolkit Mobile App

ADP AdvancedMD has announced the release and availability of AdvancedMD ICD-10 Toolkit mobile app that gives private practices a suite of ICD-10 preparation tools available in the iTunes Store. Now anyone with an iPhone or iPad running iOS8 can easily test their readiness and train staff for the October 1st deadline, free of charge. Customers of AdvancedMD practice management software can also leverage the app to add ICD-10 codes to their charge slip templates. The app was created as part of
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Survey Reveals ICD-10 Cash Flow Impact Greatest Concern for Physician Practices

ICD-10 Impact on Cash Flow

59% of physician practices are most concerned about ICD-10 cash flow impact and revenue, according to key findings from Navicure third ICD-10 readiness survey, deployed in January 2015 in conjunction with Porter Research. The findings revealed physician practices are generally optimistic about being ready for the October 1, 2015, transition date, although only 21 percent feel they are currently on track with preparation efforts. However, when physician practices were asked how much they budgeted
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Computer Assisted Coding Market Expected to Reach $3.5B by 2019

Computer Assisted Coding Market Expected to Reach $3.5B by 2019

  The global computer assisted coding (CAC) market is expected to grow at a double-digit CAGR and reach $3.5 Billion by 2019 largely driven by the ICD-10 transition, according to a new research report by MarketsandMarkets. The report finds providers are increasingly turning to CAC solutions to help reduce coding errors, increase coder productivity and offer quality healthcare. This can be attributed to various factors such as rapid growth in the number of healthcare facilities,
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Survey Reveals ICD-10 Costs for Small Physician Practices Significantly Lower

10 Mandatory Issues for Physicians to Watch in 2015

  ICD-10 costs for small physician practices are significantly much lower than expected, according to a new study released today by the Professional Association of Health Care Office Management (PAHCOM). The survey of 276 physician practices of fewer than six providers revealed that total ICD-10 transition costs for an entire practice averaged $8,167. Per provider expenditures averaged $3,430 for a practice with a single provider to $1,838 for a practice with six providers. There were
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Coalition for ICD-10 to Host Congressional Briefing

Coalition for ICD-10 to Host Congressional Briefing

The Coalition for ICD-10, a broad-based healthcare industry advocacy group united in support of the ICD-10 coding standard will host a congressional briefing on ICD-10 readiness, featuring the perspectives of leading physicians and the release of a new study of nearly 300 small physician practices on the cost of ICD-10 conversion.  Speakers represent diverse organizations including a small rural physician practice based in Fredericktown, Missouri; Nemours Children’s Health System, a large
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5 Key Steps to Reduce Outpatient Coding Denials

Bonnie Cassidy

Assessing current outpatient coding procedures and creating a plan that aligns HIM, clinical documentation improvement, and revenue cycle will help reduce claim denials and improve the overall financial health of your organization. Time is money.  It’s a well-known phrase that applies to every industry whether you are repairing a broken pipe or scrolling through endless pages of physician dictation to find the specific detail needed for a code.  Efficiency is a key component to keeping
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Nemours Children’s Health System Joins The Coalition for ICD-10

Coalition for ICD-10

The Coalition for ICD-10, a broad-based healthcare industry advocacy group united in support of the ICD-10 coding standard, today announced the addition of Nemours Children’s Health System to its membership roster.  Nemours, an internationally recognized children's health system, is committed to improving the health of children through family-centered care in children’s hospitals and clinics in Delaware, New Jersey, Pennsylvania and Florida, as well as world-changing research, education and
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