The Cost of the Delay

September 19, 2012 / Melody Smith / Comments Off on The Cost of the Delay

With the recent announcement by the Centers for Medicare & Medicaid Services (CMS) that the transition of the ICD-10 coding classification system has indeed been delayed until October 2014, many are feeling anxiety. The primary reason for the decision, according to CMS, was costs. Most healthcare providers can relate to the anxiety around costs.

Becker’s Hospital Review brought this topic to our attention in their article, “ICD-10: A Bad Moon Rising?” Medical coding is important, and errors in coding can cost providers tons of money in reimbursements. Medical coding requires specialized expertise and systems tailored to the regulatory requirements in which health care providers, hospitals, and doctors deliver their services. Training staff is a key component of the transition.

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 taxonomies, metadata, and semantic enrichment to make your content findable.

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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.