The extended deadline for ICD-10 implementation has drawn mixed responses from healthcare providers. The article looks at the Pros and Cons of ICD-10 delay.
With the vote to delay ICD-10 implementation to 2015, many in the industry are left to wonder whether to continue with plans to implement in 2014 or not. Our Open Line Friday call with panelists from Mayo Clinic, Secure EDI, Availity and more will explore the implications of the recent decision to delay the implementation of ICD-10, and to rethink YOUR options most effectively.
We're pleased to present Rhonda Buckholtz, VP of ICD-10 Education and Training for the American Association of Professional Coders (AAPC), as our June Open Line Friday guest. Rhonda will explain the approach the AAPC has taken with the delay of ICD-10 to 2015. Visit http://www.bcbsfl.com/wps/portal/bcbsfl/w/providers/providerdetails/SA_ToolsResources/SA_ICD10 for your comprehensive list of ICD-10 resources.
ICD-10 Open Line Friday Meeting December 2014Florida Blue
Open Line Friday goes social as we invite two esteemed guests to our panel of experts: Joe Lavelle and Steve Sisko. They'll share how social media can help engage more providers in being educated on the issues surrounding ICD-10 implementation. Visit floridablue.com/icd-10 for a complete directory of resources.
ICD-10 Readiness: Another Practice Testimonial Florida Blue
Join us as we hear from guest Lori Ann Martell with Advance Medical of Naples, LLC on how their practice is working towards ICD-10 implementation. Our regular panel of experts from Availity, Secure EDI, Mayo Clinic, Florida Blue and others will provide the latest information in this, our monthly Open Line Friday teleconference. How can Florida Blue help you with ICD-10? Visit us at http://floridablue.com/icd-10.
We feature experts Stanley Nachimsom of Nachimsom Associates and Michael Palatoni of Athena Health to review WEDI survey results and share small practice/physician update on ICD-10 implementation. Visit floridablue.com/icd-10, your complete ICD-10 resource.
Rhonda Buckholtz, VP with the American Association of Professional Coders, shares the results of a survey they conducted on the state of provider readiness for a 2014 ICD-10 implementation. She participated in our June Open Line Friday call. Find more here: www.
With the vote to delay ICD-10 implementation to 2015, many in the industry are left to wonder whether to continue with plans to implement in 2014 or not. Our Open Line Friday call with panelists from Mayo Clinic, Secure EDI, Availity and more will explore the implications of the recent decision to delay the implementation of ICD-10, and to rethink YOUR options most effectively.
We're pleased to present Rhonda Buckholtz, VP of ICD-10 Education and Training for the American Association of Professional Coders (AAPC), as our June Open Line Friday guest. Rhonda will explain the approach the AAPC has taken with the delay of ICD-10 to 2015. Visit http://www.bcbsfl.com/wps/portal/bcbsfl/w/providers/providerdetails/SA_ToolsResources/SA_ICD10 for your comprehensive list of ICD-10 resources.
ICD-10 Open Line Friday Meeting December 2014Florida Blue
Open Line Friday goes social as we invite two esteemed guests to our panel of experts: Joe Lavelle and Steve Sisko. They'll share how social media can help engage more providers in being educated on the issues surrounding ICD-10 implementation. Visit floridablue.com/icd-10 for a complete directory of resources.
ICD-10 Readiness: Another Practice Testimonial Florida Blue
Join us as we hear from guest Lori Ann Martell with Advance Medical of Naples, LLC on how their practice is working towards ICD-10 implementation. Our regular panel of experts from Availity, Secure EDI, Mayo Clinic, Florida Blue and others will provide the latest information in this, our monthly Open Line Friday teleconference. How can Florida Blue help you with ICD-10? Visit us at http://floridablue.com/icd-10.
We feature experts Stanley Nachimsom of Nachimsom Associates and Michael Palatoni of Athena Health to review WEDI survey results and share small practice/physician update on ICD-10 implementation. Visit floridablue.com/icd-10, your complete ICD-10 resource.
Rhonda Buckholtz, VP with the American Association of Professional Coders, shares the results of a survey they conducted on the state of provider readiness for a 2014 ICD-10 implementation. She participated in our June Open Line Friday call. Find more here: www.
This month we tackle the issue of the real cost to implement ICD-10 at the physician practice level. We are pleased to feature two testimonials from Harbor Oaks Eye Associates and Advance Medical of Naples, LLC. Stanley Nachimson also shares his expertise. Visit floridablue.com/icd-10 for your comprehensive list of resources.
Major Driving Factors for Billing Outsourcing in 2019jennyvergeese
In order to give providers enough time to prepare, WHO (World Health Organization) released the advance preview of ICD-11 on June 18, 2018. In May 2019, ICD-11 will be presented at the World Health Assembly for adoption by Member States.
ICD-10: A Payer Update with Aetna & United Health GroupFlorida Blue
Our November 2014 Open Line Friday call brings you updates from three major payers on their ICD-10 testing: Aetna, United, and Florida Blue. Follow our live tweeting of the call @FLBlue, or go to www.floridablue.com/icd-10 for a comprehensive list of resources.
Open Line Friday: The Importance of Data for ICD-10 SuccessFlorida Blue
ICD-10 is an enormous change for healthcare providers, particularly with all of the mandates we’re now facing. This may be why so many physicians consider the ICD-10 mandate burdensome. In this session of Open Line Friday, Florida Blue meets with our panel of experts and gets insights from special guests, Dr. Joseph Nichols, orthopedic surgeon and WEDI co-chair. With preparation and collaboration, we can overcome the burden. Want to join us for our next Open Line Friday? Details here: http://ow.ly/sEZRe
ICD-10 Open Line Friday Presentation March 21, 2014Florida Blue
Today's ICD-10 Open Line Friday presentation provides the latest regulatory updates, testing schedules and more. Hear from experts at The Mayo Clinic, Secure EDI, Availity and more. Visit floridablue.com for a complete repository of ICD-10 tools and resources to help with your conversion.
A Provider View on ICD-10 and the 2015 DelayFlorida Blue
How are providers coping with the delay of the ICD-10 implementation to 2015, when many had established budgets and training for being live 2014? Guests from Prime Health Physicians LLC and Harbor Oaks Eye join our Open Line Friday panel to share their experience. Visit floridablue.com/icd10 for a complete repository of tools and information.
Seven Months to ICD-10: Useful Guidance for the CountdownFlorida Blue
Twelve months ago, it may have been too early to engage individual physicians and small medical practices in ICD-10 preparations. However, six months from today, it may be too late! Today's session will focus on practical tips for getting your organization ready for the ICD-10 conversion.
Case Study: Proven Technology in a New Market: The Data Harmony Suite of Prod...Access Innovations, Inc.
Presented at the 10th annual Data Harmony Users Group meeting on Wednesday, February 12, 2014 by John Kuranz of Access Integrity. The approaching tsunami in the medical compliance industry has resulted in a perfect fit for Data Harmony's semantically enriched, rule-based concept extractor software solution. This presentation describes the impact of Access Integrity's use of Data Harmony technology on medical claims processing and analysis.
Latest ICD-10 Readiness Surveys and Testing ResultsFlorida Blue
On this Open Line Friday call with experts from Mayo Clinic, Baptist Health South Florida, Tampa General Hospital and others, we share the results of a survey Florida Blue conducted on the state of readiness for ICD-10 implementation.
This month we tackle the issue of the real cost to implement ICD-10 at the physician practice level. We are pleased to feature two testimonials from Harbor Oaks Eye Associates and Advance Medical of Naples, LLC. Stanley Nachimson also shares his expertise. Visit floridablue.com/icd-10 for your comprehensive list of resources.
Major Driving Factors for Billing Outsourcing in 2019jennyvergeese
In order to give providers enough time to prepare, WHO (World Health Organization) released the advance preview of ICD-11 on June 18, 2018. In May 2019, ICD-11 will be presented at the World Health Assembly for adoption by Member States.
ICD-10: A Payer Update with Aetna & United Health GroupFlorida Blue
Our November 2014 Open Line Friday call brings you updates from three major payers on their ICD-10 testing: Aetna, United, and Florida Blue. Follow our live tweeting of the call @FLBlue, or go to www.floridablue.com/icd-10 for a comprehensive list of resources.
Open Line Friday: The Importance of Data for ICD-10 SuccessFlorida Blue
ICD-10 is an enormous change for healthcare providers, particularly with all of the mandates we’re now facing. This may be why so many physicians consider the ICD-10 mandate burdensome. In this session of Open Line Friday, Florida Blue meets with our panel of experts and gets insights from special guests, Dr. Joseph Nichols, orthopedic surgeon and WEDI co-chair. With preparation and collaboration, we can overcome the burden. Want to join us for our next Open Line Friday? Details here: http://ow.ly/sEZRe
ICD-10 Open Line Friday Presentation March 21, 2014Florida Blue
Today's ICD-10 Open Line Friday presentation provides the latest regulatory updates, testing schedules and more. Hear from experts at The Mayo Clinic, Secure EDI, Availity and more. Visit floridablue.com for a complete repository of ICD-10 tools and resources to help with your conversion.
A Provider View on ICD-10 and the 2015 DelayFlorida Blue
How are providers coping with the delay of the ICD-10 implementation to 2015, when many had established budgets and training for being live 2014? Guests from Prime Health Physicians LLC and Harbor Oaks Eye join our Open Line Friday panel to share their experience. Visit floridablue.com/icd10 for a complete repository of tools and information.
Seven Months to ICD-10: Useful Guidance for the CountdownFlorida Blue
Twelve months ago, it may have been too early to engage individual physicians and small medical practices in ICD-10 preparations. However, six months from today, it may be too late! Today's session will focus on practical tips for getting your organization ready for the ICD-10 conversion.
Case Study: Proven Technology in a New Market: The Data Harmony Suite of Prod...Access Innovations, Inc.
Presented at the 10th annual Data Harmony Users Group meeting on Wednesday, February 12, 2014 by John Kuranz of Access Integrity. The approaching tsunami in the medical compliance industry has resulted in a perfect fit for Data Harmony's semantically enriched, rule-based concept extractor software solution. This presentation describes the impact of Access Integrity's use of Data Harmony technology on medical claims processing and analysis.
Latest ICD-10 Readiness Surveys and Testing ResultsFlorida Blue
On this Open Line Friday call with experts from Mayo Clinic, Baptist Health South Florida, Tampa General Hospital and others, we share the results of a survey Florida Blue conducted on the state of readiness for ICD-10 implementation.
ICD-10 Implementation for Physicians WhitepaperMarie Bunch
Many providers are operating with blinders on, completely unaware of the magnitude of the conversion and potential train wreck ahead for their reimbursement. Support your physicians through the difficult change ahead by helping them take the right steps forward to make their transition as efficient and painless as possible.
Regardless of the size of the practice, training for any implementation – especially for one as complex and far reaching as ICD-10 – can be costly and difficult to deliver. With only a year remaining to complete the transition, providers and their staff must step up to planning, training, software/system upgrades/replacements, as well as other necessary investments. ICD-10 will require a significant education investment in order to ensure accurate coding and minimize productivity loss. While large organizations may have the resources to purchase training materials or send staff to training sessions, smaller organizations may have to depend on special societies or share resources to provide the needed training.
Start the conversation with your physicians now. Help them through the transition with resources designed to get them on board with the transition now. Practice Management Institute® (PMI) is already helping practices adapt to the change with classes especially focused on the transition steps for medical offices, hosted by leading hospitals across the country. PMI’s Professional Services Department and Faculty Team is committed to providing the most up-to-date information on implementation guidelines, coding conversion steps and staff training fulfillment.
About PMI
PMI is the nation’s leading provider of continuing education for medical office professionals, with a broad curriculum of educational workshops that address the office training needs for private practice physicians. Classes are presented in leading hospitals, health care systems, and medical societies. For more than 30 years, physicians have relied on PMI to provide the latest information on managing an efficient and compliant practice.
The recent extension of the ICD-10 deadline was greeted with mixed reactions throughout the healthcare industry. Some favored an extension, while others preferred to move ahead with the change. In this webinar, we look at the pros and cons of the delay and how it will affect providers and patients. Reactions from other vendors are also presented.
US Federal Government, which has earmarked October 1, 2013 as the deadline, has sought to replace the 30-year-old ICD-9 with the radical ICD-10 – believed to be harbinger of sweeping changes across all facets of healthcare organizations: providers, staff, processes, insurance carriers, and systems and technology.
Icd 10 remediation for provider practices – key challenges and mitigation str...Apoorv S
On October 1, 2014, the U.S. healthcare system will transition from the Ninth Edition of the International Classification of Diseases (ICD-9) set of diagnosis and inpatient procedure codes to the Tenth Edition of those code sets (ICD-10). Provider systems are impacted across the value chain due to ICD-10 remediation and significant changes are required across the value chain and provider business functions. This article focuses on the key challenges being faced by providers in their ICD-10 remediation journey and the mitigation approaches that providers can adopt to address them.
A McKesson Perspective for Physicians: ICD-10-CM/PCSrmsspeciality
Your health information management and medical billing systems are foundational to your revenue cycle and ICD-10 transition. Ensure these foundational systems are updated and fully tested. Learn more about the ICD-10 transition from McKesson.
[Webinar] Re-Strategezing for a Successful ICD-10 / 2015 TransitionPhoenix Health Systems
In this 45-minute webinar, You will hear from top members of our ICD-10 team, Thomas Grove, Principal and D’Arcy Guerin Gue, Executive Vice President, as they discuss how to ensure the smoothest possible conversion, by restructuring your strategy in eleven critical areas.
Find the recording here - http://landing.phoenixhealth.com/icd-10-2015-webinar
Mediscribes, Inc. is one of the fastest growing transcription & document management systems providers in United States, We Provide rendering cost-effective consolidated
What is the status on ICD-10? In this Infographic I bring you the facts you always wanted to know & 6 foundation blocks for successful ICD-10 implementation
Get Ready for Industry Wide Impact of ICD-10mckessonrms
Get ready for the widespread organizational change that will occur for healthcare providers and payors by ICD-10 conversion with this guide from McKesson Practice Consulting.
10 Steps to Prepare for ICD-10
These 10 steps will help you get ready
for the transition to the ICD-10 code
sets. You may want to forward this
to those in your organization who are
working on this initiative.
For more information visit http://sites.mckesson.com/practiceconsulting/
ICD-10-CM is the United States’ clinical modification of the World Health Organization’s (WHO) International Classification of Diseases (ICD) Tenth Revision. It is used to classify diseases and causes of illness recorded on health records, claims, and other vital information.
The U.S. Department of Health and Human Services (HHS) will require covered entities (i.e., health plans, health care providers, and health care clearinghouses) that conduct electronic HIPAA standard transactions to move from ICD-9 to the next generation ICD-10 code sets by October 1, 2015.
Capitalizing on the ICD-10 Coding System: What Healthcare Organizations Need ...Cognizant
Having transitioned successfully to the ICD-10 coding system, healthcare organizations must now look beyond simply achieving compliance, and employ the system to identify and eliminate financial divergence, reduce revenue leaks, improve quality ratings, and drive competitive advantage.
To reduce denials and ensure that clinicians are paid promptly and appropriately for patient care, accurate and compliant coding is essential.
To accurately report their services on claims, many clinicians are turning to professional medical coding services.https://www.outsourcestrategies.com/outsourced-medical-coding-services/
Accurate physical therapy (PT) billing is crucial for the success and sustainability of your
practice. Beyond simply ensuring proper reimbursement for services rendered, precise
billing practices can help maintain financial health, facilitate practice growth, and support
delivery of high-quality patient care.
Healthcare providers are finding it difficult to stay on top of changes in insurance policies, coding requirements, and regulations while still concentrating on
patient care.
Accurate medical billing documentation guarantees that insurance companies have all
the information they need to handle claims quickly, which speeds healthcare
reimbursement. Precise documentation in conjunction with expert medical billing
services foster a seamless financial environment that is advantageous to patients and
providers alike.
For healthcare providers looking to improve administrative efficiency, reduce overhead costs, enhance compliance, and focus on core activities, outsourcing medical billing could be the practical option.
Outsource Strategies International can help you speed up claims processing and optimize your revenue cycle by providing dedicated medical billing services.
Medical billing plays a crucial role in ensuring that healthcare providers receive timely and accurate reimbursement for the services they render. However, navigating the intricacies of medical billing can be challenging and mistakes can occur, leading to financial losses and potential compliance issues.
Meningitis, a devastating disease with a high fatality rate, can lead to serious long-term
complications. Physicians treating patients with the condition can consider to outsourcing medical billing and coding to report the condition correctly on claims. By enlisting the services of a professional medical coding company that employs AAPC-certified coding specialists, healthcare practices can ensure accurate and timely claim submission, leading to optimal reimbursement for
their services.
Patient eligibility verification is the process of confirming that a patient is eligible for the requested medical services, insurance coverage, and any financial assistance programs.
Medical Technology Tackles New Health Care Demand - Research Report - March 2...pchutichetpong
M Capital Group (“MCG”) predicts that with, against, despite, and even without the global pandemic, the medical technology (MedTech) industry shows signs of continuous healthy growth, driven by smaller, faster, and cheaper devices, growing demand for home-based applications, technological innovation, strategic acquisitions, investments, and SPAC listings. MCG predicts that this should reflects itself in annual growth of over 6%, well beyond 2028.
According to Chris Mouchabhani, Managing Partner at M Capital Group, “Despite all economic scenarios that one may consider, beyond overall economic shocks, medical technology should remain one of the most promising and robust sectors over the short to medium term and well beyond 2028.”
There is a movement towards home-based care for the elderly, next generation scanning and MRI devices, wearable technology, artificial intelligence incorporation, and online connectivity. Experts also see a focus on predictive, preventive, personalized, participatory, and precision medicine, with rising levels of integration of home care and technological innovation.
The average cost of treatment has been rising across the board, creating additional financial burdens to governments, healthcare providers and insurance companies. According to MCG, cost-per-inpatient-stay in the United States alone rose on average annually by over 13% between 2014 to 2021, leading MedTech to focus research efforts on optimized medical equipment at lower price points, whilst emphasizing portability and ease of use. Namely, 46% of the 1,008 medical technology companies in the 2021 MedTech Innovator (“MTI”) database are focusing on prevention, wellness, detection, or diagnosis, signaling a clear push for preventive care to also tackle costs.
In addition, there has also been a lasting impact on consumer and medical demand for home care, supported by the pandemic. Lockdowns, closure of care facilities, and healthcare systems subjected to capacity pressure, accelerated demand away from traditional inpatient care. Now, outpatient care solutions are driving industry production, with nearly 70% of recent diagnostics start-up companies producing products in areas such as ambulatory clinics, at-home care, and self-administered diagnostics.
India Clinical Trials Market: Industry Size and Growth Trends [2030] Analyzed...Kumar Satyam
According to TechSci Research report, "India Clinical Trials Market- By Region, Competition, Forecast & Opportunities, 2030F," the India Clinical Trials Market was valued at USD 2.05 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.64% through 2030. The market is driven by a variety of factors, making India an attractive destination for pharmaceutical companies and researchers. India's vast and diverse patient population, cost-effective operational environment, and a large pool of skilled medical professionals contribute significantly to the market's growth. Additionally, increasing government support in streamlining regulations and the growing prevalence of lifestyle diseases further propel the clinical trials market.
Growing Prevalence of Lifestyle Diseases
The rising incidence of lifestyle diseases such as diabetes, cardiovascular diseases, and cancer is a major trend driving the clinical trials market in India. These conditions necessitate the development and testing of new treatment methods, creating a robust demand for clinical trials. The increasing burden of these diseases highlights the need for innovative therapies and underscores the importance of India as a key player in global clinical research.
Leading the Way in Nephrology: Dr. David Greene's Work with Stem Cells for Ki...Dr. David Greene Arizona
As we watch Dr. Greene's continued efforts and research in Arizona, it's clear that stem cell therapy holds a promising key to unlocking new doors in the treatment of kidney disease. With each study and trial, we step closer to a world where kidney disease is no longer a life sentence but a treatable condition, thanks to pioneers like Dr. David Greene.
Empowering ACOs: Leveraging Quality Management Tools for MIPS and BeyondHealth Catalyst
Join us as we delve into the crucial realm of quality reporting for MSSP (Medicare Shared Savings Program) Accountable Care Organizations (ACOs).
In this session, we will explore how a robust quality management solution can empower your organization to meet regulatory requirements and improve processes for MIPS reporting and internal quality programs. Learn how our MeasureAble application enables compliance and fosters continuous improvement.
Navigating Challenges: Mental Health, Legislation, and the Prison System in B...Guillermo Rivera
This conference will delve into the intricate intersections between mental health, legal frameworks, and the prison system in Bolivia. It aims to provide a comprehensive overview of the current challenges faced by mental health professionals working within the legislative and correctional landscapes. Topics of discussion will include the prevalence and impact of mental health issues among the incarcerated population, the effectiveness of existing mental health policies and legislation, and potential reforms to enhance the mental health support system within prisons.
One of the most developed cities of India, the city of Chennai is the capital of Tamilnadu and many people from different parts of India come here to earn their bread and butter. Being a metropolitan, the city is filled with towering building and beaches but the sad part as with almost every Indian city
Health Education on prevention of hypertensionRadhika kulvi
Hypertension is a chronic condition of concern due to its role in the causation of coronary heart diseases. Hypertension is a worldwide epidemic and important risk factor for coronary artery disease, stroke and renal diseases. Blood pressure is the force exerted by the blood against the walls of the blood vessels and is sufficient to maintain tissue perfusion during activity and rest. Hypertension is sustained elevation of BP. In adults, HTN exists when systolic blood pressure is equal to or greater than 140mmHg or diastolic BP is equal to or greater than 90mmHg. The
Global launch of the Healthy Ageing and Prevention Index 2nd wave – alongside...ILC- UK
The Healthy Ageing and Prevention Index is an online tool created by ILC that ranks countries on six metrics including, life span, health span, work span, income, environmental performance, and happiness. The Index helps us understand how well countries have adapted to longevity and inform decision makers on what must be done to maximise the economic benefits that comes with living well for longer.
Alongside the 77th World Health Assembly in Geneva on 28 May 2024, we launched the second version of our Index, allowing us to track progress and give new insights into what needs to be done to keep populations healthier for longer.
The speakers included:
Professor Orazio Schillaci, Minister of Health, Italy
Dr Hans Groth, Chairman of the Board, World Demographic & Ageing Forum
Professor Ilona Kickbusch, Founder and Chair, Global Health Centre, Geneva Graduate Institute and co-chair, World Health Summit Council
Dr Natasha Azzopardi Muscat, Director, Country Health Policies and Systems Division, World Health Organisation EURO
Dr Marta Lomazzi, Executive Manager, World Federation of Public Health Associations
Dr Shyam Bishen, Head, Centre for Health and Healthcare and Member of the Executive Committee, World Economic Forum
Dr Karin Tegmark Wisell, Director General, Public Health Agency of Sweden
How many patients does case series should have In comparison to case reports.pdfpubrica101
Pubrica’s team of researchers and writers create scientific and medical research articles, which may be important resources for authors and practitioners. Pubrica medical writers assist you in creating and revising the introduction by alerting the reader to gaps in the chosen study subject. Our professionals understand the order in which the hypothesis topic is followed by the broad subject, the issue, and the backdrop.
https://pubrica.com/academy/case-study-or-series/how-many-patients-does-case-series-should-have-in-comparison-to-case-reports/
The Importance of Community Nursing Care.pdfAD Healthcare
NDIS and Community 24/7 Nursing Care is a specific type of support that may be provided under the NDIS for individuals with complex medical needs who require ongoing nursing care in a community setting, such as their home or a supported accommodation facility.
The dimensions of healthcare quality refer to various attributes or aspects that define the standard of healthcare services. These dimensions are used to evaluate, measure, and improve the quality of care provided to patients. A comprehensive understanding of these dimensions ensures that healthcare systems can address various aspects of patient care effectively and holistically. Dimensions of Healthcare Quality and Performance of care include the following; Appropriateness, Availability, Competence, Continuity, Effectiveness, Efficiency, Efficacy, Prevention, Respect and Care, Safety as well as Timeliness.
1. http://www.outsourcestrategies.com/ 1-800-670-2809
Pros and Cons of ICD-10
Implementation Delay
The Department of Health and Human
Services’ (HHS) decision to extend the
proposed date for ICD –10 implementation till
October 14, 2015 has generated mixed
responses of relief and frustration from
healthcare industry professionals.
HHS cites certain valid reasons for the delay.
Large healthcare organizations, hospitals and
other medical practices that had actually
invested a significant amount of time, effort
and resources for the ICD –10 transition are
quite annoyed with this new deadline. On the
other hand, small medical practices that were
not fully equipped for this transition are
breathing a sigh of relief.
The implementation of ICD-10 codes this year
would have resulted in many medical records
and claims having inappropriate codes and
inaccurate medical documentation. Moreover,
there are many healthcare organizations that
had not performed sufficient testing to
evaluate whether the new coding system would
fetch them those benefits as anticipated.
Hence, this delay would give them additional
time to test and alter their processes.
2. http://www.outsourcestrategies.com/ 1-800-670-2809
Certainly, the transition to ICD-10 medical
coding system is advantageous from the
clinical point of view as well as from the point
of view of reimbursement. While ICD- 9
involves lesser number of codes and provides
limited patient care information, ICD – 10 has
more specific codes and the ability to grow
with the medical industry.
ICD-10 Deadline Extension – Points in
Favor
ICD-10 implementation can prove to be a
costly investment for any organization. The
changes and specificity in codes involved in
ICD-10 has a significant role in identifying
diseases. This will also enable experienced
coders to become familiar with several new
codes. Below mentioned are some benefits of
ICD-10 delay –
• Learn more about ICD-10 codes - The
proposed delay will provide an opportunity
for healthcare providers and their staff to
learn and gather more specific information
about the new code set. The transition
from ICD-9 to ICD-10 codes will require
more time for providers to become fully
proficient in the same. This will also help
to improve clinical documentation and data
integrity.
3. http://www.outsourcestrategies.com/ 1-800-670-2809
• More time for training – Those
healthcare providers who have not yet
started or completed their ICD-10 training
or updating their billing and EHR
processes, will get additional time to
continue their training process and to
adapt to the new insurance coding
process.
• CMS end-to-end testing – Prior to the
announcement of ICD-10 coding extension,
CMS was planning to conduct an end-to-
end testing on the new code sets till
August before going live on October 1,
2014. With the new deadline, there will be
more time and opportunity for healthcare
providers to get ready for CMS testing to
evaluate the benefits of the same.
Moreover, the testing can be more
systematic and precise ensuring success
for the future October 2015 deadline.
• Extra time for financial preparations –
The ICD-10 medical coding system
involves increased complexity, specificity
and volume of codes that will significantly
impact the total revenue of a medical
practice. The extended deadline will
provide healthcare providers extra time for
financial preparations.
4. http://www.outsourcestrategies.com/ 1-800-670-2809
Cons to the ICD-10 Extension
• Transition momentum will vanish –
With one more year for ICD-10
(International Classification of diseases)
implementation, many healthcare
providers may lose transition momentum
and may not use the extra time in the best
possible manner.
• Continued use of outdated ICD-9
codes – The new deadline will require
healthcare providers to continue the usage
of ICD -9 codes itself.
• Additional training cost – Healthcare
practices that are ready for ICD-10
implementation will face a significant
financial impact. These providers might
have already invested enough time and
resources in upgrading their systems and
training workers to prepare for the ICD-10
transition. A further delay will mean real
loss of valuable time and money.
Experts in the healthcare industry believe that
stalling the ICD-10 preparations will not do any
good to medical practices. Rather, they should
continue with their ICD-10 education plans and
training initiatives. They need to take a careful
look at where they stand (in terms of