The medical industry is ever expanding due to a rapid growth of population, evolving medical sciences, and the growth of internet technology. These factors have combined to make health care what it is today. These new industry standards influence vendors, providers, health organizations, and patients all over the world. Quality health care has reached a new level that has a growing impact on nations of various creeds, economic statuses, and financial states. This change has been long awaited as the knowledge of diseases, causes of death, and other pertinent health information has grown exponentially in recent years.
The Health Insurance Portability and Accountability Act, also known as HIPAA, was introduced in 1996 by Congress and President Bill Clinton to ensure the safety, efficacy, and advancement of health care practices and standards. There have been several driving forces behind the evolution of the HIPAA standards in health care practices in recent years. The administration simplification aspect ensures accuracy in data and privacy in accessing vital health information. Health care organizations as well as patients benefit from the implementation of HIPAA standards. Electronic health records are now to be included in vital HIPAA standards.
Database administration is also a crucial aspect of the health care industry that is quickly evolving as new information is supplied. ICD-9 codes are convenient and efficient because they assist the coding of all electronic health records so they can be understood universally. ICD-9 codes have played a crucial part in globalizing health care services as well as providing pertinent information needed for diagnosis, analysis, and treatment of each patient seen by a doctor. There are several benefits associated with the improvement of outdated databases of International Classification of Diseases and Related Health Problems. The federal mandate on ICD-10 codes and enhanced HIPAA standards are due to roll out in 2013 to improve the cost and quality of health care services provided around the globe.
Preparing for New E-Health Standards
Electronic health standards regulate everything from patient privacy to insurance claims. All health care professionals are affected by the federally mandated ICD-10 and HIPAA 5010 standards. The development of these new health standards has been due to the ongoing need to provide lower cost and quality-based health care services. Additionally, these new standards provide a better way to access electronic health records and comprehensive data exchange. The government and IT professionals both encourage the implementation of these new standards as they improve efficiency while cutting down on the financial burden placed on health care organizations when providing services.
Financial incentives are in place for those who incorporate this new system into the heart of their daily functions. As it stands now, at least twenty two percent of expenses incurred by health care organizations are due to manual administrative tasks. Not only will professionals see a great reduction in their ongoing expenses, but they will also increase their earning potential due the proposed benefits of this new system. When the health care industry is able to save money on the services offered, it also reduces the amount each patient must pay to receive the health care they need. All aspects of the health care industry will be influenced by the effects of more efficient e-health standards.
Political Changes and Global Health Awareness
What does ICD-10 and HIPAA 5010 mean for globalized health care services? Those countries that rely on mega corporations and the deeds of higher nations will now see a greater amount of medical services available to its citizens. A cost effective system allows for a dramatic reduction in the price of health care services, insurance premiums and more. Now those who have never seen a doctor can get the quality health care they need. Through engaging political support and strategic financial planning, these enhancements will change the face of health care services around the world.
Accompanying these influential changes in 2013 is a heightened opportunity to educate, train, and optimize the performance of health care systems. Each professional will be able to tap into a global database and marketplace that is understood several languages. The intersection of medical information and optimized IT services reduce the time intervals between care and coverage. Outdated frustrations will be eliminated as these e-health standards are implemented across the globe. Instead of operating as a singular organization, the health care industry can revolutionize its intricate workings to make this industry a leader in its cause.