In the News
Feb 10, 2015
Survey Reveals ICD-10 Costs for Small Physician Practices Significantly Lower
ICD-10 costs for small physician practices are significantly much lower than expected, according to a new study released today by the Professional Association of Health Care Office Management (PAHCOM). The survey of 276 physician practices of fewer than six providers revealed that total ICD-10 transition costs for an entire practice averaged $8,167.
Feb 09, 2015
Case study: Kettering Health Network
When Kettering Health Network set out to re-engineer its outpatient revenue cycle, the organization knew it had to address an increasing rate of denials and find a way to capture revenue tied up in bill holds or write-offs. In this case study, Debbie Shrubb, corporate HIM director, describes how process change and innovative 3M technology led to a clean claim rate of 96 percent (20 percent higher than the national average for a high-performing hospital).
Jan 19, 2015
Video: Physicians and CDI
Dr. Tom Kravis, MD, physician executive at 3M Health Information Systems, says: “As a physician, I know how busy a physician’s day can be. Between seeing my patients, hospital rounds, documenting each encounter, reading dozens of charts and test reports, team meetings, and unplanned emergencies, they must also respond ASAP to queries from CDI specialists asking for even more information about their patients.”
Jan 15, 2015
Rise of the Scribe
In the EHR era, these documentation darlings are lending physicians a helping hand. But at what cost?
Will the growing use of medical scribes decrease the need for medical transcriptionists? As documentation demands increase for physicians, and organizations enlist scribes to offset the additional workload, Jill Devrick, MPA, 3M product solutions advisor, explores the evolving role of MTs in promoting complete and accurate EHR documentation.
Jan 14, 2015
Congress Declines to Extend ICD-10 Transition Deadline...For Now
The National Law Review examines the controversy over the October 1, 2015 ICD-10 deadline. A major component to for delay advocates has been the cost to physicians. For example, an AMA study states costs will range from $22,000 to as much as $106,000. In contrast, a November 2014 article in the Journal of AHIMA disputes this estimate and calculates the transition cost at roughly $2,000 to $5,900 for small practices.
Jan 01, 2015
Podcast: Healthcare Payment Reform and Outcomes Measurement
In an information-packed interview with Kip Piper of the Piper Report, Dr. Norbert Goldfield, medical director for 3M Health Information Systems, discusses advances in linking healthcare payment to patient outcomes. Replacing traditional fee-for-service reimbursement with outcomes-based payment models depends on data-driven systems that align clinical and financial performance.