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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ICD-10| Impact of ICD-10 in Healthcare | Policy, News, Analysis, Insights - HIT Consultant
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
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
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
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
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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ICD-10: Navigating the Road Ahead
In this Centers for Medicare & Medicaid Services (CMS) video, Ricardo Martinez, MD, FACEP, a practicing physician offers advice for small practices preparing for ICD-10. In the video, Dr. Martinez explains how to transition to ICD-10 in five steps:
1. Make a Plan—Look at the codes you use today and prepare your staff
2. Train Your Staff—Identify resources to help your staff get ready for the transition
3. Update Your Processes—Review your policies, procedures, forms, and templates
4.
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Healthcare Leadership Council Joins the Coalition for ICD-10
The Healthcare Leadership Council, a coalition of healthcare chief executives from all disciplines within the U.S. healthcare industry, is the latest organization to join the Coalition for ICD-10 and advocate for U.S. adoption of the ICD-10 coding standard in 2015. The Coalition for ICD-10 promotes the critical importance of ICD-10 to improving quality measurement, public health surveillance, clinical research, and healthcare payment through research, education, and advocacy.
Representing
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Premier, Inc. Joins the Coalition for ICD-10
The Coalition for ICD-10, a broad-based healthcare industry advocacy group, today announced the addition of Premier, Inc. to its member roster. Premier, a leading healthcare improvement company, unites an alliance of approximately 3,400 U.S. hospitals and 110,000 other providers to enable better care and outcomes at a lower cost.
The Coalition for ICD-10 brings together hospitals, health plans, medical device manufacturers, coding specialists, physician office managers, and health information
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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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