One of the Main Goals of the Transition to ICD-10

question 6

Short Answer

One of the main goals of the transition to ICD-10 is to:
A)improve physicians' diagnostic skills.
B)bring the United States into step with coding systems used worldwide.
C)create an additional administrative burden on providers and facilities.
D)force providers to implement more accurate reporting procedures.

• A)improve physicians' diagnostic skills.
• B)bring the United States into step with coding systems used worldwide.
• C)create an additional administrative burden on providers and facilities.
• D)force providers to implement more accurate reporting procedures.

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Definitions:

Present Value

The present worth of a future sum of money or series of cash flows, based on a given return rate.

Cash Today

Cash Today refers to the availability of funds or capital that can be immediately used or invested, as opposed to future earnings or receivables.

Rate of Return

The augmentation or diminution in an investment's valuation across a specified timeframe, articulated as a fraction of the initial investment expense.

Present Value

The present financial worth of expecting a sum of money or cash flows in the future, calculated by a certain rate of return.