News: Vendor survey indicates physician documentation top priority for ICD-10 preparation
CDI Strategies, February 2, 2012
Want to receive articles like this one in your inbox? Subscribe to CDI Strategies!
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.”
Want to receive articles like this one in your inbox? Subscribe to CDI Strategies!
Related Products
Most Popular
- Articles
-
- Don't forget the three checks in medication administration
- Steps for maintaining patient privacy
- The consequences of an incomplete medical record
- Practice the six rights of medication administration
- Note similarities and differences between HCPCS, CPT® codes
- Tip of the week: Overcoming language barriers with ESL staff members
- Know the medical gas cylinder storage requirements
- Prevent dehydration with nursing interventions
- Nursing responsibilities for managing pain
- Q&A: Primary, principal, and secondary diagnoses
- E-mailed
-
- Tip: Understand Q status indicator subcategories
- Tip: Report drugs with HCPCS code, revenue code 636
- Tip: Carefully code fracture care
- Get to the heart of cardiac catheterization coding
- Elder Abuse and Exploitation
- Documentation challenges for skin and dermatology coding
- Correctly code for new cardiac, pulmonary rehab benefits
- Searched