Health Information Management

News: Vendor survey indicates physician documentation top priority for ICD-10 preparation

CDI Strategies, February 2, 2012

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More than 65% of respondents listed improving physician documentation as “the most important revenue cycle-related business process” needed to “prepare for the transition to ICD-10,” according to a recent release from Waltham, MA-based vendor PatientKeeper, which provides physician healthcare information systems to facilities and physician practices.

Of the 173 responses, 94% indicated that implementing electronic physician documentation was “critical” or “important” to ICD-10 preparation, although only half indicated their facility currently uses a fully electronic charge capture system, according to the release.
 
“This survey shows that there’s a significant gap between what provider organizations know they will need to successfully implement ICD-10, and what’s in place today, in terms of the revenue cycle infrastructure at hospitals and practice groups,” said PatientKeeper CEO Paul Brient. “Over the next 21 months, we expect to see considerable activity in the market for physician charge capture and documentation software solutions, driven by the impending ICD-10 mandate.”



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