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Written by Helen Gregg for Becker’s Hospital Review Lying on blankets at an outdoor concert in Madison, Wis., last July, a group of health IT professionals were on their smartphones, finding and laughing at some of the more unusual and seemingly unnecessary ICD-10 codes. The idea of making an illustrated children’s book using the codes…
By Matt Robinson for Bloomberg.com MModal Inc. skipped a scheduled bond interest payment yesterday, taking advantage of a 30-day grace period as the provider of medical transcription services negotiates with creditors to cut the company’s debt load. “At this time no determination has been made by MModal to not pay such scheduled interest payment” within…
By Heather Punke for Becker’s Hospital Review Four hospital and health system CFOs discuss ICD-10, the two-midnight rule and price transparency. Hospital and health system CFOs are used to dealing with change. However, 2014 brings a few significant developments that could significantly impact the financial health of organizations. With the new two-midnight rule, the switch…
By Bob Herman for Becker’s Hospital Review In 2011, Cedars-Sinai Medical Center in Los Angeles did what many providers were hesitant to do: It decided to tackle ICD-10 as an inevitable change and began its work to transition to the new system. By contrast, only about 20 percent of providers believe they will complete or…
By Edmund Billings, MD for HIT Consultant The “perfect storm” will be quickly descending upon the healthcare system. Let me concede from the outset that, in this article, I lean toward the negative—dire predictions, worst-case scenarios, a bit of doom and gloom, etc. But I ask you, oh gentle, patient reader, how could I not?…
Cincinnati, OH, November 19, 2013 – Dolbey today announced that Covenant Health, East Tennessee’s leading provider of healthcare, has selected the Fusion CAC solution for each of their seven hospitals. Increased coder productivity and improved financial performance were driving factors in making this decision while preparing for the dramatic healthcare change to ICD-10. Covenant’s physicians…
By Tammy Worth for Healthcare Finance News Hospitals must strategize now to keep their revenue cycle from stalling The Centers for Medicare & Medicaid Services has recommended that hospitals start testing for ICD-10 in 2013, but so far, many hospitals have not heeded that recommendation. That mistake could ultimately hit hospitals in the wallet. Business…
The below article, published in Advance for Health Information Professionals, uses conflicting statistics from several groups and associations. Where does your organization stand? Will you be ready for ICD-10? We’d love to hear your comments! From Advance for Health Information Professionals The American Hospital Association (AHA) is optimistic that its members will be ready for…
ICD-10 testing is about knowing the answers. By Patrick McNeese for Advance for Health Information Professionals There’s an old maxim that says: “Lawyers should never ask a Georgia grandma a question if they aren’t prepared for the answer.” ICD-10 testing needs to support that truism. Prior to development of test scenarios and scripts, an understanding…
A Consultant, HIM Professional, and Vendor Weigh in on the Real CAC Impact By Mark Crawford for Journal of AHIMA HIM professionals have been looking for some truth and straight talk on computer-assisted coding (CAC). The technology has been billed as everything from the savior of coding-based bottom lines due to ICD-10-CM/PCS (ICD-10) to the…