It’s been more than a few weeks since the implementation of ICD-10 across the country. ICD-10 was endorsed by the World Health Assembly in 1990; WHO member states started using it as of 1994. The United States too made the first draft of ICD-10 available in 1995. Fast forward to 2015, two decades later, and we still lament the lack of time in preparing for ICD-10.
University of Pittsburgh Medical Center (UPMC) reported $212 million in bad debts for the fiscal year 2014. The numbers are not deniable – the reason for bad debt is higher deductibles. While choosing their medical insurance plan, most people tend to choose the plan with the least annual premium, what they fail to realize is lower premium means higher deductible.