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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The news has been filled with stories about the outbreak of Ebola infections in West Africa and the incidences of the disease that show how this illness has now made its way to the United States. Ebola is very contagious and often has a high (> 50%) mortality rate. As of Oct.14, 2014, 8,914 Ebola cases and 4,447 deaths had been reported to the World Health Organization (WHO), which has designated the outbreak as an “international public health emergency.”