Financial Concerns Around ICD-10

January 14, 2013 / Melody Smith / Comments Off on Financial Concerns Around ICD-10

As October 1, 2014 approaches, many are working hard preparing for the ICD-9 to ICD-10 coding classification transition. To not be ready would put HIPAA-covered healthcare organizations in a dire position – one without operating capital. Noncompliance would prohibit them from billing for services rendered.

Becker’s Hospital Review brought this news to our attention in their article, “Is Your Technology Ready for ICD-10?” 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.

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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.