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Date: 2019-06-18 Page is: DBtxt001.php txt00003241

Health
A very complicated and costly administrative overhead

What you should know about ICD-10 codes ... Facts, Timing and Impact of IDC-10 Medical Codes

Burgess COMMENTARY

I have long time interest in transparency, accounting and accountability and want to see better systems that will not only address money profit issues, but also the matter of social valuadd. At some point these should be in the SAME system!

Peter Burgess

ADP advertisement about AdvancedMD

September 2012


What you should know about ICD-10 codes ... Facts, Timing and Impact of IDC-10 Medical Codes

How will your practice quickly adapt to continuous regulatory changes?

Transitioning to ICD-10 CM/PCS will require a tremendous effort and may incur significant cost among private health care organizations. The root of the issue, as we have learned from the HIPAA Format 5010 transition, goes much deeper than merely upgrading billing staff acumen. It stems from legacy software systems that continue to function on outdated procedures and codes. As an industry we’ve learned that if a practice’s HIT partner cannot respond quickly and accurately to regulatory changes, both billing staff performance and payer collections are negatively affected.

Key takeaways from the format 5010 transition, ensure you're ready for ICD-10

  • If a practice’s HIT partner cannot respond quickly and accurately to regulatory changes, both billing staff performance and payer collections are negatively affected.
  • Billing technologies will need the capability of managing more than 120,000 new ICD-10 codes in a way that allows simple, accurate look-up and application of codes in a busy clinical setting.
  • Detail provided in medical encounter documentation needs to be more comprehensive to support this much-expanded diagnosis coding and utilize the new ICD-10 codes.
  • Effective software that can smoothly deliver the transition with minimal managerial disruption can give your medical practice a major advantage.

PLEASE COMPLETE THE FORM AND WE'LL EMAIL YOUR GUIDE!

The text being discussed is available at
http://learnmore.advancedmd.com/DL-ICD-10whitepaper-google/ICD-10-Guide-38KW-714SE.html


TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative.
It has been funded by family and friends plus donations from well wishers who understand
the importance of accountability and getting the management metrics right.
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