ICD-10 helps your ACO?

by Frank Tiedemann on February 13, 2012

The move to ICD-10 is adding spice to the implementation of electronic medical records and to the routine but essential work of issuing a hospital bill.

The increase in detailed accuracy required is logarithmic. The Richter Scale feels about right. But there are obvious benefits to those moving towards accountable care.

Knowing what services your clinically integrated network is delivering is enhanced by the detailed ICD-10 codes. That detail will help the organization understand the cost of delivering those services better than the hidden averaging of costs that takes place in the less specific ICD-9 world.

Understanding cost will lead to better pricing strategies that are more attractive to patients, employers, and health plans. Combined with comparative quality data that is emerging from the ACO movement, we can actually make more rational decisions about healthcare.

That’s my prediction and my prayer.

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