The Impact of the Delay

March 20, 2012 / Melody Smith / Comments Off on The Impact of the Delay

Edifecs, Inc. has released the results of a survey about the impact a postponement of the ICD-10 compliance deadline would have on a healthcare organization’s ICD-10 transition plans, budget, and progress. The findings indicate that 64 percent believe a delay will not improve readiness, 76 percent believe a delay will harm other healthcare reform efforts, and 69 percent say a two-year delay would be either “potentially catastrophic” or “unrecoverable.”

This topic was inspired by PRWeb in their article, “Study: A Delay of the ICD-10 Compliance Deadline Would Increase Costs and Not Improve Readiness.” The new ICD-10 coding classification system that was supposed to go into effect in October 2013 will have five times the number of codes to use for billing reimbursement than the current ICD-9 does. Access Innovations’ M.A.I. machine-assisted indexing system and specialists in complex coding, tagging, and indexing can minimize the risk of coding errors with proper training and quality assurance. 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.

Melody K. Smith 

Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.

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Melody Smith

Melody K. Smith has provided organizational, social media and digital communication services to a large non-profit for the past twenty years. Prior to that she championed employee engagement and communications in the healthcare field. She holds a Bachelors degree in Marketing. When not wrangling and writing TaxoDiary content for your reading pleasure, Melody writes fiction, rescues dogs and throws legendary dinner parties.