ICD-10 is coming, and it will affect virtually every department within a hospital or health system. A question many are asking is, “How exactly will it impact the revenue cycle?”
At the 2012 AHIMA Convention and Exhibit, Jeff Pilato, director of revenue cycle at coding firm HRS, broke down how a hospital’s chargemaster fits within the scope of its ICD-10 transition — and why it is so important to the hospital revenue cycle.
For anyone involved with a hospital’s revenue cycle — CFO, CIO, revenue cycle directors, case managers, health information management staff, CDI specialists and others — here are five things to know about the chargemaster and ICD-10.