ICD-10 Coding Archive
The repeated postponements and delays in setting the transition deadline for ICD 10 coding are raising new concerns in the healthcare industry. Many industry leaders are wondering whether the transition from ICD 9 to ICD 10 will ever get done. Already, it is becoming clear that the Federal Government might have to further extend the
As per the recent reports, the official date for ICD 10 coding transition has been postponed to one year i.e. until October 1, 2015. Although this has come as a relief for most healthcare organizations that were still not ready for moving onto the latest ICD coding sets, some physicians have however expressed their disapproval.
As per a recent survey conducted among some of the major healthcare organizations, many hospitals have stated that they are quite ready for the ICD 10 coding transition. However, some smaller organizations have also clearly mentioned about the issues they would be facing with the change in the ICD coding as they are not well-equipped
With the ICD-10 implementation deadline looming around, most people conceive the idea as a serious threat or potential disaster for the healthcare industry. The perspective predominantly prevalent is that of the concept promoting ICD-10 as a very serious challenge to the physicians, practices and hospitals. No doubt it is a challenge from a psychological stand
ICD-10 is being compared to the “Y2K” of the Healthcare industry. With that in mind, it is critical that physician practices be prepared for ICD-10 coding to minimize revenue flow disruption and ensure clinical documentation matches ICD-10 specificity. According to an April 2013 survey of 500 physician practices conducted by Navicure, practices consider physician/staff training and
Employee Health Insurance: In 2013, healthcare providers must decide whether to provide employee health insurance. If you have 50 or more employees (eps), you must have an employee health insurance scheme? plan?, or pay a $2,000 fee for each employee above 30. (So 50 eps – 30 eps = 20 eps X $2000 = $40,000)