The Value of ICD-10
It’s an exciting era of healthcare reform for the United States. The transition to ICD-10-CM and ICD-10-PCS is anticipated to improve the capture of healthcare information and bring the United States in step with coding systems worldwide. For those who prepare appropriately, leveraging the ICD-10 investment will allow organizations to move beyond compliance to achieve competitive advantage.
The value of the transition will be broad and far-reaching, and will result in:
- Greater coding accuracy and specificity
- Higher quality information for measuring healthcare service quality, safety, and efficiency
- Improved efficiencies and lower costs
- Reduced coding errors
- Greater achievement of the benefits of an electronic health record
- Recognition of advances in medicine and technology
- Alignment of the US with coding systems worldwide
- Improved ability to track and respond to international public health threats
- Enhanced ability to meet HIPAA electronic transaction/code set requirements
- Increased value in the US investment in SNOMED-CT
- Space to accommodate future expansion
For more information on the benefits of ICD-10, read "Why ICD-10 is Worth the Trouble" feature article in the March 2008 Journal of AHIMA.
To review a nationally funded cost analysis study and the AHIMA/AHA field test of the ICD-10-CM system that provides information on productivity, click below.