A transition away from ICD-9 could have been an opportunity to truly adopt a more efficient, more informative data-capturing system, but ICD-10 is far from that, according to Albert Shar, MD, of DOTmed HealthCare Business News.
ICD-9 is truly outdated in terms of procedures and technology. However, he said, the cost of implementing ICD-10 and transforming the way such granular data is gathered and entered into an electronic medical record may never be recovered or returned in savings.
ICD-10 could be a squandered opportunity to make data classification and collection more meaningful, one that may not present itself for another several decades.
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ICD-9 is truly outdated in terms of procedures and technology. However, he said, the cost of implementing ICD-10 and transforming the way such granular data is gathered and entered into an electronic medical record may never be recovered or returned in savings.
ICD-10 could be a squandered opportunity to make data classification and collection more meaningful, one that may not present itself for another several decades.
More Articles on Coding, Billing and Collections:
MGMA: Only 10% Providers Ready for ICD-10
3 Steps for Physicians to Take When Dropped From a Health Plan
EmployerDirect Names Amanda Bary Vice President of Sales