Friday, March 3, 2017

18 Months On: Learning the Real Impact of ICD-10 on Hospital Revenue Cycle Management

The introduction of ICD-10 as a new classification system sparked controversy in the healthcare community. ICD-10 is the 10th revision of the International Statistical Classification of Diseases and Related Health Problems issued by the World Health Organization.

There were many predictions that the hospital revenue cycle management process would be severely affected, as the coding system increased diagnostic codes to over 68,000- up from just 14,000. Procedure codes had a similar story, rising from 4,000 to 87,000.

It’s now been 18 months since the ICD-10 system was implemented in America. What has the real impact of this change been and was it as bleak as was expected?

Falling Productivity Levels?

It was expected that productivity levels would drop by around 50%, causing far more hold ups and errors than ICD-9 had done. This was based on Canada’s results back in 2001, which found the amount of work required to input each code had been underestimated. Read more from this blog.

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