Financial Side of ICD-10

By Melody Smith|January 16th, 2013|Autoindexing, indexing, News|Comments Off

We have discussed the various concerns of the impending ICD-10 conversion for quite some time now. Implementing the new coding classification system will have impact on many areas of healthcare, but let us not forget the financial markets and how this could change investors’ views of healthcare organizations.

This interesting topic was brought to our attention by TRST.com in their article, “Genpact (G), Exlservice Holdings (EXLS) and WNS (WNS) Serve BPO and Analytics End-Markets and Also Power Transition into ICD-10.” Medical coding requires specialized expertise and systems tailored to the regulatory requirements in which healthcare providers, hospitals, and doctors deliver their services. Training is very important. 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 Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.

About the Author: 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.

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Financial Side of ICD-10