The information in this article was provided by trainRX in their October Newsletter. ICD-10 - 12 months left to meet the Oct. 1, 2014 Deadline! Let's take a look at the true cost of this complex conversion to ICD-10 The true cost of the ICD-10 transition may not be as easy to calculate as you think. Take a look at the list below to make sure you've put everything in your budget.
We are now two weeks into the launch of the Healthcare Exchanges created as part of the new Affordable Care Act. The Exchanges were launched in an effort to enable individuals and families to compare options and purchase health insurance. The ACA mandates that everyone has health insurance (employer-based, government-sponsored or individually purchased) by March 2014 or face a penalty of up to 1% of their annual family income in 2014. Penalties eventually scale to 2.5% in 2016. Insurance premiums may be subsidized depending on a family’s income.
Hospitals are actively buying physician practices in the hopes of being prepared for the future as reimbursement strategies shift to payments based on bundled services and incorporate increased risk sharing.