Inefficiencies are cited for contributing heavily to the spiraling costs associated with healthcare. Amazingly, much of the healthcare industry operates with ill-equipped, outdated technology systems which hamper efficiency and effectiveness. To remedy this problem, the government is incentivizing healthcare organizations to make substantial business changes that rely on sizable investments in Healthcare Information Technology (HIT).
Meaningful Use, ICD-10 and the HIPAA 5010 transition are important HIT initiatives tied directly to healthcare revenue streams. However, the benefits of investing in this HIT trifecta reach beyond reimbursement dollars. Meeting compliance deadlines will help organizations avoid unnecessary headaches, empower decision makers and positively impact the bottom line.
Published: September 1, 2011
Written By: Amanda Buie, Martin Sizemore