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Can a Health Care Facility Choose to Use Only SNOMED

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Essay

Can a health care facility choose to use only SNOMED instead of ICD-10-CM? Why or why not? How can these two data sets complement each other?


Definitions:

Equivalent Units

A concept in cost accounting used to estimate the amount of finished units that could be obtained from a set of partially completed units.

Process Costing

A costing method used where similar items are produced in a continuous process, allocating production costs over the total number of units produced.

Cost Reconciliation Report

A financial report used in manufacturing to reconcile the costs involved in the production process.

Work In Process Inventory

Goods partially completed in the manufacturing process, not yet ready for sale.

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