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.
Gloryanne Bryant, RHIA, RHIT, CCS, CCDS, regional managing director of HIM (Northern California Revenue Cycle) for Kaiser Permanente in Oakland, compiled a sample list of some of the terms coders are likely to see when coding for wound care. Consider sharing this reference tool with your coding staff.
