The transition to ICD-10 was touted as the Y2K of the healthcare industry. After years of preparation and training the industry held its breath as October 1st came and went. But, much like Y2K, the predicted disaster never happened. In fact, according to a new survey by KPMG, 80% of organizations believe they have had a smooth transition to ICD-10.
Information-rich patient records has made healthcare organizations a prime target for criminal entities. Royal Jay captures the severity of data breaches and the cost of data breaches in an infographic highlighting recent statistics from a Ponemon Institute study. Here are some statistics for you to consider:
In late October, the Centers for Medicare & Medicaid Services (CMS) issued the 2016 Medicare Physician Fee Schedule Final Rule updating payment policies, payment rates, and quality provisions for Medicare services furnished on or after January 1, 2016.
A happy (and financially stable) practice is a practice that maximizes and maintains consistent cash flow. To do that, you must effectively manage your patient and insurance company receivables. A great way to evaluate your performance is through regular practice checkups – or medical practice assessments.
As the east coast braces for Hurricane Joaquin, the US healthcare system has just been hit by a tsunami of code changes. Today, doctors, hospitals and health insurers must start using a new diagnosis code set fondly known as – ICD-10. There is much trepidation surrounding the shift and many unknowns, but the change also brings with it many benefits.
The National Committee for Quality Assurance (NCQA) has released a system that compares health insurance plan ratings based on patient satisfaction, treatment and outcomes. The system allows users to search insurance plans by state, plan name or type, and order their rankings based on combined HCAHPS, Healthcare Effectiveness Data and Information Set measures and NCQA accreditation.
The following article was originally published on The CMS Blog.
By Dr. Bill Rogers, ICD-10 Ombudsman