The Data Scientist - the WPC Healthcare Blog

Finding Opportunity in ICD-10

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ICD-10 is a major change to the healthcare industry that will be expensive and require a great deal of work, but nonetheless, it provides significant benefits because of the increased clinical granularity of the new code set.

In a column in the Journal of Healthcare Information Management, WPC’s Larry Watkins outlines some of the financial and operational benefits ICD-10 will bring to the healthcare industry. These benefits include:

  • Top line revenue growth
  • Reimbursement tied to outcomes
  • Insight into quality metrics that lead to higher reimbursement
  • Improvements in trending and predictive analysis
  • Optimizing the revenue cycle
  • Fewer miscoded, improper, and rejected claims
  • Improved resource efficiency and productivity

To learn more about the financial and operational benefits of ICD-10, view the full column in the Journal of Healthcare Information Management online (HIMSS membership required), or contact WPC today.