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Impact of ICD-9/ICD-10 on the Revenue Cycle Student’s Name Institutional Affiliation
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The transition and implementation of ICD-9/ICD-10 ICD-10 is change in standard coding system in health care In order to ensure proper transition the health facility must having coding system for translation The system translates codes in ICD-9 into the ICD-10 The system should be able to support both the ICD-9 and ICD-10 during the process of transition ICD-10 is being seen as the most ideal method for clarification of diseases due to its huge amounts of benefits
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The impact ICD-9/ICD-10 will have on the Revenue Cycle ICD-10 is not only important for coding but it is highly embedded on the revenue cycle by providers Understanding the role of ICD-10 will allow the stakeholders much time in making the project plan better The conversion into ICD-10 will have an impact into important areas of the revenue cycle The important areas that will be positively affected are; data analysis, operations, reporting and information technology ICD-10 will play a very important role in terms of denials management and contract management
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Charge Master No. Item/Servi ce Descriptio n Procedure/ Item Code Revenue Code QuantityCharge Echo Encephalog ram JH1009012014356 Thyroid Sonogram 6700070220129 Nasal bone x-ray 45542602401100 X-ray chest455239902451210 Basic metabolic GD567850320138 Dopp- venous lowe G780090330140 OximeterR567890350145 Try hyperal9087604001100 Blood Culture 43217804101100
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Components of CDM explained Charge Master Number It is the internal control number with which the facility can be able to track transactions Item/Service Description This is a small phrase that offers a short explanation about the service that has been offered. Department number Each element of service in the chargemaster is provided with information concerning the department that offered the service. It is the department which can specify the service
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Revenue Code It is a four digit figure which is assigned to every item that is provided by the hospital for the services Quantity It refers to the dose/unit that is assigned to the services on the chargemaster Charge This is the amount of money that is received on the service
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References Abdelhak, M. (2006). Health Information: Management of a Strategic Resource. Philadelphia, PA: W.B. Saunders Company. CPT codes and resources published by the American Medical Association: www.ama- assn.org/ama/pub/physician- resources/solutions-managing-your- practice/coding-billing-insurance/cpt.shtmlwww.ama- assn.org/ama/pub/physician- resources/solutions-managing-your- practice/coding-billing-insurance/cpt.shtml
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