The Best Vendors for ICD-10 Outsourcing
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Video: Here are 10 Facts About the ICD-10 Transition Happening October 1st
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Here are 10 facts about the ICD-10 transition from the Center of Medicare & Medicaid Services
Read MoreOptimism Building With Looming ICD-10 Transition?
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Anxiety is culminating as the October 1st deadline for ICD-10 is rapidly approaching. According to a survey administered by Porter Research (commissioned by Navicure) in August, 85% of respondents believe they will be ready for the implementation of ICD-10, but 57% also claim they are not on track for it as of right now.
Read MoreMedical Billing Outsourcing Market Continues to Grow
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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.
Read MoreHow to Prevent Revenue Loss in Financial and Clinical Workflows
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Despite the chaos of ICD-10 conversion, there are many ways that providers can minimize claims errors and denials. Clinical and financial workflows have the greatest impact on revenue cycles due to outdated processes, inadequate communication and lack of follow through. Therefore, it is important to anticipate the most probable mistakes and optimize internal workflows in order to avoid revenue losses.
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