Implementation of ICD-10 brought a high rise in the diagnostic codes which further required more updates in the DRG system so that new codes can be integrated in the reimbursement process.
The impact of ICD-10 has been a common topic of discussion. And through these analysis, it has been realized that the ICD-10 update has its impact even beyond coding.
1. On Revenue Cycle in Healthcare Industry
2. On Claims Management
3. On Reimbursements
The implementation of ICD-10 involved a lot of complexities as it intended to bring many changes in the medical industry operations, it has been widely agreed that the results have been smooth.
Yes I agree, ICD-10 has impacted healthcare industry. ICD-10 is an update that reflects changing needs in the medical field. The code has provided increased detail and flexibility over the last ten years. However, implementing the code presents medical establishments with several challenges. The biggest challenge is finding qualified personnel to handle the increased workload created by the transition.
