Live at HIMSS 13: How to Prepare for ICD-10
According to the U.S. Bureau of Labor Statistics, the need for medical coders will increase by 21 percent from 2010 to 2020. Despite this increase, healthcare organizations face handling the ICD-10 transition with a fewer number of coders.
This shortage is only one of the challenges coming with the transition to ICD-10. With many more codes in the new standard, correctly assigning codes and getting the reimbursements your healthcare organization deserves will be an incredibly important part of keeping the revenue cycle healthy and thriving.
As “big data” becomes a more and more important part of healthcare IT, ICD-10 will make it easier to collect and analyze data on correctly assigned codes. In order to ensure coding is the driver for identifying trends and improving patient care, healthcare organizations must rely on new and existing technologies. Computer-assisted coding (CAC), for example, will be a critical part of the transition for healthcare organizations. These applications will automate the coding process, improving the accuracy of code assignments as well as data trending and reimbursement.
Healthcare organizations will also need to connect CAC to other applications and information. Creating 360-degree secure access to information, from paper files to forms to clinical images, will allow coders to make quicker, more informed assignments.
With this in mind, what are you doing to prepare for ICD-10? How are you going to utilize technology to prepare for this transition?