Over the course of the past 30 years in the HIM field, I have observed much trial and error on the part of HIM managers who have been pioneers in the EHR journey.
Editor's note: In 2011 we're celebrating MRB's 25th birthday with special content each month. For October, we've put together a report on the latest quarterly benchmark survey findings, this time on ICD-10 implementation efforts. Just a few of the highlights from the report are included below.
No industry or profession is immune to the budget crunch. Unfortunately, many coding departments fall into a routine and neglect to assess their costs and look for innovative ways to save money.
CMS finalized a documentation and coding adjustment (DCA) of -2% for fiscal year (FY) 2012, according to the inpatient prospective payment system (IPPS) final rule. CMS originally proposed a year-over-year reduction of 0.5% in payments to acute care hospitals, including a DCA of -3.15%. However, CMS finalized a cut of 2%, a decrease from 2.9% in FY 2011, which translates to $1.13 billion more in hospital payments in FY 2012 than hospitals received the previous year.
