ICD-9 is truly outdated in terms of procedures and technology. However, he said, the cost of implementing ICD-10 and transforming the way such granular data is gathered and entered into an electronic medical record may never be recovered or returned in savings.
ICD-10 could be a squandered opportunity to make data classification and collection more meaningful, one that may not present itself for another several decades.
More Articles on Coding, Billing and Collections:
MGMA: Only 10% Providers Ready for ICD-10
3 Steps for Physicians to Take When Dropped From a Health Plan
EmployerDirect Names Amanda Bary Vice President of Sales
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
