Each month Regent RCM explores top news and headlines affecting the health care industry.
This month in the news: Industry experts anticipate that claim denials will continue to be a challenge in 2016 and Health care providers continue to make the ongoing transition to ICD-10.
5 Claim Denials Management Conversations From 2015
Claim denials seemed to be at the forefront of health care industry news this year as many key claim denial lessons unfolded, especially as ICD-10 implementation came and went.
Click here to discover the five main topics related to claim denials management.
Regent RCM, recognizes how claim denials can impact the RCM pipeline. In a recent blog post, Regent RCM Vice President of Revenue Cycle, Michael Orseno, shared best practices including lessons that he and the Regent RCM team have learned about how to work, track and ultimately avoid claim denials.
80% of Health Care Providers Report Successful ICD-10 Transition
The majority of health care providers have successfully transitioned to the ICD-10 coding system. While this is encouraging news, there are still a number of organizations that are struggling to effectively operate in an ICD-10 environment.
As cited in a recent Revenue Cycle Insights article, the challenges related to ICD-10 “include rejected medical claims, clinical documentation and physician education, reduced revenue from coding delays and information technology fixes.” Click here to read the full article.
If your center is struggling with the ICD-10 transition, Regent RCM recommends four ICD-10 coding tips, found here.