Many healthcare providers have added concerns to the already stressful ICD 10 transition. Last week the Department of Health and Human Services and CMS issued final regulations on the medical loss ratio, which guarantees health insurers spend at least 80 percent (for individual and small group markets) or 85 percent (for large group markets) of consumer premiums on medical care.
This interesting information was found on Becker’s Hospital Review in their article, “How Will ICD-10 Costs Be Affected by the Medical Loss Ratio Rule?” This additional pressure over cash flow and reimbursements does not come at a good time. Accurate medical coding is required to eliminate lost income.
Access Innovations, developer of the M.A.I. machine assisted indexing system and specializing in complex coding, tagging, and indexing, provides a range of services that deliver tag integrity. Access Innovations provides training to a client’s staff and then offers quality assurance and validation services that can assist in minimizing the risk of a coding error and identify inappropriately applied tags.
Many widely used tagging systems lack the user friendly interface and may not implement a rigorous ANSI compliant coding subsystem. Access Innovations’ solutions are ANSI compliant and implement state-of-the-art technology to speed tagging and reduce errors. For more information, contact Access Innovations.
Melody K. Smith
Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.