Health information management continues to evolve as the industry changes and new technology becomes more prevalent. Many experts have begun to predict which trends will have the largest impact on the industry as we move into 2016. By 2016, there will be a number of important health IT and reform initiatives in place, including ICD-10 and Stage 3 of Meaningful …
Rightsizing Your Staff for ICD-10 Revenue Neutrality
The transition from ICD-9 to ICD-10 goes beyond a coding issue and affects every single department of a health system. For example, the transition will affect staffing in a number of ways. Providers will have to be able to maintain a healthy, appropriate staffing ratio in the midst of what is an inevitable hiring surge as ICD-10 is implemented. This …
Revenue Cycle Repercussions of ICD-10
It is quite clear that ICD-10’s impact isn’t just limited to coding. Implementing ICD-10 has an effect on an entire health system, and will particularly impact the whole revenue cycle for health care providers. Most of the focus by providers has been on implementation of ICD-10 and training staff in its use, which is understandable — many organizations were on …
Revenue Cycle Changes in 2015
Medical billing has gotten significantly more complex this year due in large part to some changes in revenue cycles. In addition to other factors that are increasingly complicating the industry, such as a rapidly aging population, greater regulation of the healthcare system as a whole and the shift from paper to electronic recordkeeping, there are a few new developments that …
Best Practices for EMR Implementation
Healthcare organizations often have troubles maintaining their patient volume and profitability because there has been a trend of decreasing reimbursements and growing amounts of regulations. However, with the right planning, your organization can grow profitably through value-based payment models. Here are a few tips and best practices for implementing an EMR: Choose a long-term partner. You want to work with …
What Comes After ICD-10 Implementation?
There’s been a lot of debate this year about the upcoming deadline for ICD-10 implementation. People in favor of ICD-10 continually note how the current ICD-9 code set is extremely limited and that here is a great need for data that is more robust. People against ICD-10 have several main arguments, including the expenses and complications associated with implementation and …
How to Plan for ICD-10 Implementation
As many health care professionals and executives know, progress has been slow on the transition to ICD-10, the latest medical classification list. This process has largely taken a backseat to other priorities for health care organizations, including electronic health records and the reduction of expenses. However, with the ICD-10 conversion date set for Oct. 1, 2015, it’s important to develop …
