The Charge Toward ICD-10
CHIME CIO Connection
Physician charges are the top of the funnel of the healthcare provider revenue cycle; and ICD-10 has the potential to clog it, prolonging a billing, approval and collections process that many providers fear will bog down after October 1. The charge entry challenge begins with guiding physicians through more than 68,000 diagnosis codes, many of which contain a level of specificity so granular that they border on the absurd. (Read Struck by Orca for a chuckle.) Then there’s charge verification, code edits, clinical documentation, integration with billing and so on.
Whatever ICD-10 charge capture solution is implemented, several tenets should be paramount.