Prescription painkiller use is at an all time high in America. Eighty percent of the world’s opioid prescriptions are taken in the US, yet we make-up just 4.6 percent of the world’s population. That means we’re consuming 83 painkillers for every one pill the average person takes around the world. So it’s no surprise that a recent lead story on WorkCompWire centered on a
ICD-10: Healthcare’s Y2K?
Injured while crocheting? Hurt at the opera house? Dinged on the squash courts? From hidden perils to the most random brush with nature, when injuries strike in the future, there will be a code so specific to your injury it is almost comical. Today, hospitals and doctors work with 18,000 codes, but that number is growing
The Place of Predictive Modeling in Our World
Predictive Modeling is a term that has become a hot button in many industries. Done properly, predictive modeling has the power to improve efficiency and outcomes in almost infinite ways. Here’s an article published in the WorkCompWire about Predictive Modeling that focuses on the workers’ compensation insurance industry. The concepts apply to many industries and I
Some Appreciation for Coding
Most of us have looked at our medical bills with confusion. I did when I had medical bills piling up. It is a separate language and art form to understand healthcare billing in our society. It is critical that someone look at your billing. It is a sad fact that many medical providers are more
$5 Million Typo – The Importance of Controls
Read this story about a $5 million dollar “typo.” Most of us also remember the stock market crash caused when a broker typed 15 billion shares instead of 15 million, which was dubbed the fat-fingered market crash. I recently heard a story from an employee who caught a $500,000 bill that should have been $5,000 by calling
Street Value of Prescription Drugs
In many situations, a person who is injured receives treatment longer than expected. This is very common when people are taking prescriptions or pain medications for long periods of time. There can be many reasons: dependence, addiction, misdiagnosed causation, driving up claims costs for settlement, etc. One that is not often explored is the street value