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Medical Coding Outsourcing and CDI Improves Data Integrity

Black Book polls show that outsourcing medical coding, transcription, and CDI efforts have become important strategies to maintain data integrity.<br>

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Medical Coding Outsourcing and CDI Improves Data Integrity

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  1. www.outsourcestrategies.com

  2. www.outsourcestrategies.com The survey results appear favorable for medical coding companies as well as medical transcription companies. Accurate medical billing and coding and clear documentation of medical claims can ensure on-time reimbursement for physicians. According to the latest industry polls by Black Book, outsourcing medical coding, transcription, and clinical documentation improvement (CDI) efforts has evolved into a winning strategy for many healthcare organizations seeking to enhance their case mix and data integrity.

  3. www.outsourcestrategies.com • 85% clients who outsourced their computer-assisted coding (CAC) and CDI tasks experienced quality improvements and increases in their case mix index • 87% hospital financial officers reported increase in case mix index as one of their main motivators for undertaking a CDI initiative The key findings of the survey that involved 1,277 respondents from 220 hospitals and 789 physician groups include: • 74% confirmed that outsourcing contributed to coding accuracy ratcheting up since ICD-10 implementation

  4. www.outsourcestrategies.com • Up to 70% outsourcing clients plans to extend current contracts until 2020, a sign of high satisfaction with their decision to outsource • 92% of outsourcing clients expressed satisfaction with their vendor relationships and reported that outcomes exceeded their expectations • Nearly 90% medium to large hospitals that outsourced CDI tasks saw reimbursement increases of at least $1.5 million Voice-to-text transcription services are also proven to be effective to reduce clinical documentation burden of healthcare providers

  5. www.outsourcestrategies.com • Within one year of adoption, 83% hospitals said that their transcription costs fell by half or more, while improving transparency of their dictation and transcription processes • 90% reported that outsourcing streamlined their operations without negatively impacting clinical workflows • 94% of physician groups and practice associations said that CDI is a critical area of focus to help meet the many challenges of value-based care in the outpatient setting • 20% hospitals that do not have an end-to-end HIM system, CAC, CDI, or transcription solution from a single vendor are “seriously considering” doing so in 2018

  6. www.outsourcestrategies.com CONTACT • Headquarters: • 8596 E. 101st Street, Suite H • Tulsa, OK 74133 • Main: (800) 670 2809 • Fax: (877) 835-5442 • E-mail: info@managedoutsource.com • URL: http://www.outsourcestrategies.com Good data governance will result in reliable data, which is crucial for making patient care decisions. A successful CDI program is possible with outsourced end-to-end medical coding services that ensure appropriate and timely reimbursements from payers.

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