Guest Commentary: ICD-10 won't help on cost control
Posted: October 24, 2014 - 1:30 pm ET
In a world where price matters, per-unit revenue must exceed per-unit costs for hospitals to be profitable.
That's easier said than done. Charge codes describing treatment mechanics have expanded and become more precise. The proliferation of revenue-cycle consultants speaks to the complexity of codifying treatment activity.
Implementing ICD-10 in 2015 will complicate the challenge. AthenaHealth estimates there will be up to 69,000 diagnostic codes.
That's easier said than done. Charge codes describing treatment mechanics have expanded and become more precise. The proliferation of revenue-cycle consultants speaks to the complexity of codifying treatment activity.
Implementing ICD-10 in 2015 will complicate the challenge. AthenaHealth estimates there will be up to 69,000 diagnostic codes.
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