The debate surrounding an ICD-10 delay continues after the Department of Health and Human Services (HHS) indicated its intention to push the deadline back one year to October 1, 2014. While many providers are struggling to get a handle on ICD-10, some have made strides in the implementation process and could be hurt financially by the delay.
Many organizations have spent upwards of millions of dollars so far preparing for the transition, and now they may suffer a severe financial and operational setback because of those who have not.
Healthcare Finance News brought this topic to our attention in their article, “ICD-10: Staggered implementation could alleviate discord.” The new ICD-10 coding classification system 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 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.