‘To Err is Human…’ is not a phrase one wants to hear in the professional context. However, there is no denying that people tend to make mistakes – the following are a few common coding errors. Hopefully, being aware of these possible errors will help avoid them.
Incorrect Basic Information
More often than not,
The Healthcare Industry has always been on top of the game when it comes to technological advancements and usage. Computers, ECG machines, even artificial intelligence has been integrated with leading US hospitals. However, most of these advancements have been in the core medical practices.
It is universally known that American Healthcare has one of the most complex billing systems.
‘Change is constant’! No matter in what context we use this phrase, it does tend to give us chills. Human tendency is to try and avoid change as far as possible. However, there’s not always a choice. The unwillingness to accept ‘change’ is what makes life more difficult. The recent implementation ICD-10 is the perfect example.
According to a recent report, post ICD-10, the American healthcare industry has successfully processed claims from about 2400 hospitals and 630,000 healthcare systems at a collective value of around $25 billion. October 1st is a significant milestone in the ICD-10 journey. Let’s take a look at what the past month with ICD-10 has revealed.
The human body is full of surprises and mysteries. No two human bodies respond to an external factor in exact same manner. Therefore, the medical field has to be on a constant alert about what is new regarding the challenges faced by physicians across the globe. When a similar pattern of symptoms are documented in a large number of cases,
Start listing the major differences in the codes of ICD-9 and ICD-10 and this will probably the first on your list – the addition of seventh character extender. This seventh character, in a way, is what ICD-10 is all about. The tabular list of codes primarily listed in chapter 15 and 19, give you a detailed idea about why the number 7 is not so lucky in this case.
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.