47 percent of hospital leaders plan to outsource their coding efforts by October 1, 2015, according to a recent survey of 650 hospital leaders by Black Book Rankings. Given the 21 percent national coder shortage by industry estimates, hospital CFOs must look beyond coding to optimize their HIM department operations to improve their overall efficiency.
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Healthcare Policy Regulation & Reform | News, Analysis, Insights - HIT Consultant
WEDI Releases ICD-10 Readiness Survey To Help Assess Industry’s Progress Towards ICD-10
The Workgroup for Electronic Data Interchange (WEDI), a leading nonprofit authority on the use of health IT to create efficiencies in healthcare information exchange has announced the release of an ICD-10 readiness survey to determine how well the healthcare industry is progressing towards the Oct. 1, 2015 implementation deadline. The survey results will be evaluated and compiled into a report for the industry.
Providers, health plans, vendors and clearinghouses are invited to participate in
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Report: 88% of 200+ Bed Hospitals Outsourcing Their CDI Realized Over $1M in Savings
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
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
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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Cigna Reaches 100 ACO Goal, Signs 11 Agreements in 7 States
Cigna has announced it has successfully reached its 100 Accountable Care Organizations (ACO) goal established in 2012. Effective Jul 1, Cigna entered into 11 arrangements in seven states, thus taking its ACO arrangements to 100. Cigna will serve one million customers through these ACOs.
The new agreements have been entered with Northeast Medical Group (NEMG) in Connecticut, Harbin Clinic and Physician Performance Network of Georgia/Tenet in Georgia, Presence Health Partners in Illinois,
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Report: 50% of Providers Reported Seeing Patients Under the ACA
The Affordable Care Act (ACA) has changed the healthcare landscape entirely, with an influx of newly-insured patients entering the healthcare system—in some cases for the very first time.
Earlier this year, more than 1000 individuals on Practice Fusion’s free, web-based electronic health record (EHR) platform replied to a survey exploring the impact of this reform, mainly on small, independent practices.
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How to Position a Long Term Care Facility for Future Success
“The playing field in which long-term care facilities operate is changing. In this environment, organizations need to be more strategic. Survival is not enough. They must position themselves for success,” advises Fran Kirley, President & Chief Executive Officer, Nexion Health Management.
Kirley gives an overview of how long-term and post acute care companies could modify their game plan to be successful.
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Why Did the U.S. Rank Last in the World’s Best Healthcare System Report?
The Commonwealth Fund just published its fourth Mirror, Mirror on the Wall study comparing the U.S. health care system with other countries, and as in all previous studies, we ranked as the absolutely worst health care system in the developed world, bar none. Yikes. The Commonwealth Fund studied many health care domains, and we didn’t rank in first place for anything. The best we managed to do is place a lackluster third in the subcategory of Effective Care. The United Kingdom, on the other
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Mercy Wins Accountable Care Project of the Year
You may think the information your doctor types into your medial record is just that – a record of the care you’ve received. But Mercy has figured out how to use that information to keep you healthier, and now it’s won an award to prove it. Health Data Management magazine has recognized Mercy as an Analytics All Stars “Top Honor” for Accountable Care Project of the Year. This new award recognizes organizations and individuals that use analytics in innovative ways to improve the health of their
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