ICD-10 Conversion Deadline Looming

With right at a year left on the deadline, 85% of respondents to a recent American Health Information Management Association (AHIMA) survey indicated they had begun work on ICD-10 planning and implementation. This is up from 62% reported a year ago and 55% from a similar survey done in April 2010.

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New Social Business Index Gauges Success

Dachis Group’s new Social Business Index (SBI) measures the success of initiatives across over 26,000 brands from over 20,000 companies and over 100 million social accounts worldwide. The Index was built on top of Dachis Group’s Social Business Intelligence Insight Platform and analyzes the effectiveness of strategies and tactics organizations employ to engage the market through social channels. Using natural language processing, semantic analysis, and machine learning algorithms, Dachis Group has built a machine learning engine.

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Overpaying/Underpaying – It Always Costs

The Office of Inspector General has estimated that Medicare contractors nationwide overpaid physicians roughly $28.8 million combined in 2008 and 2009 for incorrectly coded services. This news makes it a little easier to understand the need for a new medical coding system.

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Digital Book Library Might Be In Our Future

Amazon is apparently in talks to launch a digital-books library run on the same premise as Netflix. For an annual fee, readers can read themselves silly on e-books of their choosing. There are no details available as to how advanced this process has moved, but it does make us wonder about the impact on brick and mortar libraries.

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New Management Team at Sprylogics

Sprylogics has a new Chief Executive Officer after Michael Frank stepped down as Chief Executive Officer and Director of the Company in order to pursue other interests. Marvin Igelman has accepted the role. Two additional members have been added to the management team – Brad Marks and Bhavuk Kaul have joined as the VP of Product Development and VP of Product Marketing, respectively.

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Natural Language Processing Only Goes So Far

The sirens call of natural language processing has been issued again. In this study, the researchers compared the use for free text searches to administrative codes to see which would give better indication of safety based on 20 indicators. The authors rightly suggest that instead of relying only on the notoriously poor check boxes used with discharge orders that the hand written notes form the discharge nurse or physician might be much more instructive.

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Financial Impact of ICD 10 Implementation

Quite possibly, the transition from ICD-9 to ICD-10 represents one of the most wide-ranging impacts to a healthcare provider’s business. Everything they do will change in some form or fashion. What will take the biggest hit is probably their revenue. PR Web brought this information to our attention in their article, “The Impact of ICD-10…

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