ICD-10 & Coding
The vendor also will be announcing new products for value-based care and coding, a top 3M Health Information Systems executive says.
SNOMED International head David Markwell will shed light on how the clinical terminologies contribute to greater consistency for clinical analytics.
Ann Chenoweth’s term began on Jan. 1, 2017.
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The software’s coding engine can parse ICD-10 to discover conditions in charts and physician notes.
Executives involved with the code switch said the first year went smoothly. But they are now expecting a new level of difficulty in the next 18-24 months while coders must be more precise for CMS and private insurers to accept and pay claims.
The agency posted answers to pressing questions for coders and hospitals to consider when the year of flexibility end on Oct. 1, 2016.
The Centers for Medicare and Medicaid Services said that the grace period will end as planned and come Oct. it will end the flexibilities it granted hospitals and coders thus far.
The workgroup’s research found productivity hiccups in providers’ coding, and clinical documentation alongside positive impacts for payers in the areas of claims validation and data analytics. But isn’t it too early to tell whether the transition really went well?
The health system credits clinical and financial improvements to a CDI initiative that resulted in more accurate coding and greater physician engagement.
Some experts are predicting a spike in denials beginning on Oct. 1, 2016 when the Centers for Medicare and Medicaid Services will require claims to be more specific. Forward-looking providers are assembling teams to prepare now.
