Concerns Over Reimbursement Risks

September 12, 2012 / Melody Smith / Comments Off on Concerns Over Reimbursement Risks

There is a push from healthcare organization leaders for insight into what the potential reimbursement risks will be in the new ICD-10 coding classification system. Providers are beginning to take a hard look at revenue impacts hidden within the  ICD-10 conversion and what they will mean for healthcare.

Virtual Strategy Magazine brought this information to our attention in their article, “Jvion Provides Perspectives on Addressing ICD-10 Financial Risk.”

The new coding system includes more specific codes for diagnoses and more codes in general, up to five times the number of codes in ICD-9. Medical coding requires specialized expertise and systems tailored to the regulatory requirements in which health care providers, hospitals, and doctors deliver their services. Training is very important, especially with the impending ICD-10 transition. That is why Access Innovations, Inc. provides training to a client’s staff and then offers quality assurance and validation services that can:

  • Minimize the risk of a coding error
  • Identify inappropriate or inadvertently applied tags
  • Display a “map” of coding distributions to allow management to get a bird’s-eye view of the coding assignment flow.

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.