Hospital Margins in Jeopardy as 5010, ICD-10 Deadlines Loom
Qualify for a free subscription to HealthLeaders magazine.
The American Health Information Management Association recommends providers seek to offset costs and potential losses associated with 5010 and ICD-10 through lines of credit, grants and incentive programs, donations, fundraisers, and limiting spending the months prior to the deadline to build up cash reserves.
“It’s always hard to warn people that something is coming, and unlike the [Medicare] reimbursement cuts, no one is lobbying their congressman about this one. But come January 1, there’s going to be a big reduction in your top-line revenues that no one is really talking about,” says Landes.
This article appears in the October 2011 issue of HealthLeaders magazine.
Karen Minich-Pourshadi is a Senior Editor with HealthLeaders Media.
- Healthcare Leaders Seek Strategic Sweet Spot
- 3 Reasons Wellness Programs Fail
- CMS Issues Health Insurance Exchange Proposed Rules
- Patients Shoulder Nearly 25% of Medical Bills
- ACOs Widespread, Yet Challenged
- MGMA: Physician Compensation Increasingly Based on Quality Measures
- Healthcare Costs 'An Abomination' Says Senate Finance Committee Chair
- Healthcare Consolidation: M&A Not the Only Way
- 6 CNO-to-CEO Strategies
- PwC: Pace of Rising Medical Costs Slowing