Given the new federal mandate on coding regulations, 2015 is considered a big year for healthcare finance. At the same time, a lot of concerned parties stop to ask: What is revenue cycle management shaping out to be this year? One noteworthy shift is getting its uneasy share of attention: the move from the old ICD-9 to the new ICD-10.
Despite the initial apprehension, numerous healthcare providers have stated their readiness to implement the new ICD-10 diagnostic and billing coding this coming October. The reason? They just can’t afford to fall behind; in the system, a small documentation error can have an extremely significant impact on an organization, and create issues from a revenue standpoint.