Healthcare Costs Face Another Challenge

April 16, 2012 / Melody Smith / Comments Off on Healthcare Costs Face Another Challenge

No one will dispute that America’s out-of-control healthcare costs needs an anti-inflammatory. Many contend that consumer-driven medicine is the wrong way to handle the problem.

Forbes brought this topic to our attention in their article, “Consumer Driven Healthcare Proponents Finally Proven Wrong.” Proponents for consumer-driven healthcare believe that placing the responsibility on the individual to pay for a larger share of their healthcare expenditures results in greater competition due to basic marketing principles.

I am not sure which side of the fence I stand on, but I do sympathize with healthcare providers and the many hoops that government, healthcare reform, and insurance companies require them to jump through. The newest one of those is the ICD-10 coding classification that was supposed to go into effect in October 2013. With five times the number of medical billing codes as before, a provider’s cash flow could be in jeopardy if staff aren’t trained properly.

This will make it ever more important to break down walls and form a team for proper reimbursement. 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 a 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.