With ICD-10, KPIs worth keeping track of
January 30, 2015 in Medical Technology
Whether it’s denial rates or average time for claims to be paid, there are “hundreds” of key performance indicators any smart provider should be keeping close tabs on in the days leading up to — and immediately following — the Oct. 1, 2015, switchover to ICD-10.
So says Joshua Berman, director of analytics and ICD-10 and RelayHealth Financial in a story at Healthcare IT News‘ sister site ICD10Watch.com.
“I urge hospitals to get a handle on KPIs well in advance of the deadline date,” writes Berman. “The bottom line: a lot of them are going to get worse, not better, in the days and weeks following the implementation of ICD-10. The trick is to identify the handful of KPIs that will drive your business and to start monitoring and making improvements now.
“Hospital leadership should make it a priority to know a few important KPIs,” he adds. “This is good business in general, but more important now than ever before.”
Read more at ICD10Watch.com.