ICD-10 Creates Job Growth
The New Year has promise of bringing health IT-related jobs to the market. With the advance of technology in general and the need for workers with expertise in ICD-10, demand will exceed the supply of talent.
Three Challenges Healthcare Providers Are Facing
ICD-10 has almost become a dirty word for healthcare providers. In an recent interview, Kevin Weinstein, MBA, vice president of revenue cycle management technology company ZirMed, discussed three challenges facing physicians in regards to ICD-10 implementation.
The Fear of Technology
It is a fear people have had from the beginning of the technology boom. Actually, it probably started at the beginning of the industrial revolution. People fear that workers will be replaced by machinery and technology. Now, one professor is predicting that rapid advancement in technology will, within a couple of years, eliminate the need for some workers and leave the traditional workplace looking for different.
The Challenge of Medical Coding
Atlantic Health Solutions plans to improve their radiology practices revenue cycle procedures. This comes at a time when reimbursements are at an all time low and concerns that it won’t improve with the ICD-10 coding transition looming on the horizon.
More Concerns for Healthcare Providers
Many healthcare providers have added concerns to the already stressful ICD 10 transition. Last week the Department of Health and Human Services and CMS issued final regulations on the medical loss ratio, which guarantees health insurers spend at least 80 percent (for individual and small group markets) or 85 percent (for large group markets) of consumer premiums on medical care.
Improving Content and Classifications
Wielding SAS Text Analytics helps to reduce manual tagging, improves search results and supports ad revenue generation. This improved digital content performance is achieved by indexing, tagging and classifying data so that the ultimate in findability is achieved.
ICD-10 Resources Available
The Healthcare Information Management and Systems Society (HIMSS) has released a free set of tools to aid in converting the new ICD-10 code sets. The ICD-10 PlayBook features ICD-10 report card software from Yakima, a speaker's bureau and white papers and Web seminars from a variety of resources.
Distractions Can Cost Healthcare Organizations
There are a lot of transitions in healthcare right now. Reform, technology and of course, the transition from ICD-9 to ICD-10 rank in the top things distracting healthcare organizations these days.
The Pressure is On
With two deadlines looming, can healthcare organizations be fully prepared? The Office for Civil Rights is randomly auditing for HIPAA compliance and this will continue through December 31, 2012. Right behind that is the October 2013 deadline for ICD-10 implementation. A recent survey showed most healthcare organizations charged with HIPAA compliance are not fully prepared for a privacy and security audit by federal regulators.
BCBSNC Seeks Help for the ICD 10 Transition
Edifecs was chosen by Blue Cross and Blue Shield of North Carolina (BCBSNC) to help them achieve compliance with the upcoming ICD-10 transition. They achieve this by enabling health plans index and analyze their own historic data.