With ICD-10 Confidence still Low, Some Doctors are Thinking Retirement

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With ICD-10 Confidence still Low, Some Doctors are Thinking Retirement

According to a recently conducted survey from the Texas Medical Association (TMA) of 936 respondents, ICD-10 preparation levels is currently quite dismal. If ICD-10 proves to be as financially disastrous as anticipated, physicians will be driven to retire earlier. Approximately 46% of physicians aged 61 or older are more likely to retire early in response to claims being denied due to ICD-10. While 34% of physicians aged 40 and younger are more likely to terminate or renegotiate plan contracts following ICD-10.

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Medical Billing Outsourcing Market Continues to Grow

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Medical Billing Outsourcing Market Continues to Grow

Globally, healthcare spending is expected to drastically increase in the next few years. Developed countries can attribute their increase in spending to an aging population and lower fertility rate. Meanwhile, emerging countries can attribute their increase in healthcare spending to the lack of infrastructure, increase in chronic diseases, and the inequality in the availability of patient care. Technology is also becoming a salient part of healthcare.

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5 Ways to Improve Patient Engagement

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5 Ways to Improve Patient Engagement

Patient engagement is a movement to encourage patients to accept more responsibility for their health information. According to chief medical information officer at the Cleveland Clinic, Dr. David Levin, a few years ago the organization analyzed how patients engaged in its services, concentrating on how the impacts of overall patient experience affected care outcomes. Dr. Lori Posk, Cleveland Clinic’s medical director for its MyChart personal health record, collaborated with Dr. David Lavin to develop the 5 primary changes in how patients interact with the organization.

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