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Anecdotal evidence suggests the coding shift might chase physicians into retirement. By Susan Morse for Healthcare Finance News If the rumors are true, ICD-10 is not going to solve the physician shortage. Too bad the hard evidence to suggest doctors near retirement age are calling it quits by Sept. 30 to avoid the switch to…
Coalition says it could take 40 years until ICD-11 is ready for U.S. By Donna Marbury for Medical Economics Healthcare organizations advocating for ICD-10 continue to defend any argument against the coding system that could again delay its October 2015 implementation. The latest battle pits The Coalition for ICD-10 against those that want the United…
While everyone is affected by the proposed cuts, they are particularly painful for smaller hospitals, which have tighter margins and fewer options for dropping services or making up the losses. By John Commins, for HealthLeaders Media The Obama Administration’s 2016 budget axe takes a double whack at critical access hospitals. First, the proposal eliminates critical…
By Michelle A. Dick and Rachel Momeni for AAPC Employment rates and salaries reflect healthcare business professionals’ rising marketability. AAPC’s 2014 Salary Survey proves that it’s a good time to be working on the business side of healthcare. Employment opportunities continue to rise for members, especially for apprentices. More members are earning higher education degrees than we’ve ever seen.…
By Fred Pennic for HIT Consultant 61 percent of hospital chief financial officers (CFOs) and business managers in “struggling” hospitals expect to be fired by 2016 due to outdated revenue cycle management solutions, according to a recent Black Book report. The report reveals hospital CFOs could potentially lose their jobs because their outdated revenue cycle…
By Linda Reed, R.N. for Hospital & Health Networks Despite widespread doubt that ICD-10 actually will happen next October, hospital leaders can ill-afford to stand pat. The consequences of doing nothing are severe, says CIO Linda Reed, R.N. “The deadlines are not changing. … Let me repeat that, the deadlines ARE NOT changing.” Karen Trudel,…
By Marty Fattig for Hospital & Health Networks The transition to ICD-10 may have been delayed a year, but that doesn’t mean hospital executives can tune out what’s happening in their organizations. It is up to the CEOs to make sure that their organizations have smooth transitions. Well, they put off ICD-10 implementation once again…
By Jen Bresnick for RevCycle Intelligence October 1, 2014 was supposed to be the beginning of the ICD-10 era in the United States, but once again the industry is facing a new implementation date after Congressional action in April. While the one-year delay does give some organizations a much-needed breathing space to ramp up testing,…
By Carl Natale, Editor, for ICD10Watch Are you worried that ICD-10’s granularity will take a hefty toll on productivity? Then you’re not alone. One of the major issues with ICD-10 implementation is the concern that the increased specificity will create more work for medical practices and damage productivity. To document that increased specificity, physicians are…
By: Bonnie S. Cassidy, MPA, RHIA, FAHIMA, FHIMSS, for ICD10 monitor As you prepare for the newly announced Oct. 1, 2015, ICD-10 compliance date, now is the time to evaluate and redefine your clinical documentation value chain. A value chain is a series of activities that are performed in order to deliver a valuable product…