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
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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Why Data Sharing Is Vital to the Healthcare Revolution
Editor's Note: J.T. Treadwell is the Managing Director at Symphony Technology Group, a private equity firm where he focuses on analytics and healthcare technology. He has led a variety of Symphony investments, including health care IT companies Evidera, Symphony Performance Health, and Symphony Health Solutions.
The Affordable Care Act is the most far-reaching healthcare legislation in the U.S. since Medicare was introduced fifty years ago. In contrast to previous attempts to adjust our
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5 Key Steps to Reduce Outpatient Coding Denials
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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Rise of the “Internet of Healthy Things”
People are embracing connected objects that are actively caring for them.
As the decades have gone on, we’ve seen everything around us advance technologically at a rapid pace. Looking at Moore's law, you can see the observation that the number of transistors in a dense integrated circuit doubles approximately every two years. This in turn has allowed faster innovation in technology in every sector, from social networks, search engines and banking, to name a few. Despite all of
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Real-time Health Monitoring Will Revolutionize Patient Home Care in 2015
Founder and CEO, Robert Herzog of eCaring describes how tailoring programs for special patient populations will improve patient home care while reducing risks of hospital readmissions.
Real-time health monitoring including the patient's home continues to gain importance as pressures come from a variety of sources to reduce risks and costs of readmissions and hospitalizations. The Centers for the Medicare and Medicaid Services (CMS), enforcing the 2012 Medicare Readmission
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3 Ways Mobile Payments Can Improve A Hospital’s Bottom Line
Kristen Gramigna of BluePay describes three ways mobile payments can transform the patient experience and improve a hospital's bottom line.
Though mobile payments have been popular in retail and restaurant venues and accepted by major brands like Starbucks and Apple for nearly five years, the mutually beneficial advantages they offer both consumer and merchant haven’t gone unnoticed by a host of other industries, including health care. Here’s a look at why more hospitals have begun to
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Coalition for ICD-10 Responds to AMA President Dr. Robert Wah
The Coalition for ICD-10 has published the following response to recent remarks made by AMA president Dr. Robert Wah, in which he compared the AMA's opposition to ICD-10 to the movie Star Wars.
In his recent speech to the AMA House of Delegates, AMA president Dr. Robert Wah characterized the planned implementation of ICD-10 as analogous to the dark forces controlling the galaxy in the movie Star Wars:
“If it was a droid, ICD-10 would serve Darth Vader… For more than a
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ICD-10 is the Pathway to Big Data in Healthcare
If big data in healthcare is the future for medicine, then ICD-10 is the way to get there.
Over the past year, most of the news surrounding the International Classification of Diseases, Tenth Revision (ICD-10) has been either bureaucratic or comical in nature. Last fall, another delay of the new coding system’s implementation deadline was met with a ton of mixed feelings. Most organizations truly weren’t ready. In fact, in a survey of 1300 healthcare professionals, 55% agreed with the
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6 Metrics to Improve Hospital Revenue Cycle ROI
Lindy Benton, CEO of MEA|NEA, provides six key metrics to improve the ROI of a hospital revenue cycle management program to get cash in faster with less effort.
Revenue cycle management (RCM) is the process that manages claims processing, payment and revenue generation, and often entails the use of technology to keep track of the claims process at every check point. This allows the healthcare provider billing a patient the ability to follow along in the process and address any
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