The 10 biggest ASC industry stories of 2014
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1. ICD-10. When signed into law in April, the Protecting Access to Medicare Act of 2014 effectively delayed ICD-10 implementation until Oct. 1, 2015. Though the switch to the new code set will take place 10 months into the year, the ramifications make it one of the biggest changes to anticipate — the shift from approximately 14,000 ICD-9-CM codes to 68,000 ICD-10-CM codes is no small step to take. "It could take [ASCs] six months to a year to get up to speed," says Michael Orseno, revenue cycle director with Regent Surgical HealthICD-10 "Gut Check" and New Opportunities to Bring Case Management Audits and Appeals In-House | ||||||
Michael T. Dougherty of Provident Consulting, a solution provider at the marcus evans National Healthcare CFO Summit Fall 2014 and the National Healthcare CXO Summit Fall 2014, on why hospitals should apply continuous improvement methodologies NEW YORK, NY, Oct 17, 2014 - (ACN Newswire) - ICD-10 implementation and a recent CMS decision create significant compliance, quality, and revenue opportunities for healthcare systems and providers in 2015, according to Michael T. Dougherty, Founder and Chief Executive Officer of Provident Consulting. These accelerate the national trend towards pay for quality and outcomes, he adds. | ||||||
The preparedness survey comes from the Workgroup for Electronic Data Interchange (WEDI), which polled 324 providers, 103 payors and 87 health IT vendors. Overall, the study found that vendors and payors are more prepared for ICD-10 than providers.| By Sammer, Joanne | |
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