4 ms·
Isn't there something like generally accepted accounting principles in healthcare ? Genuine question if anyone knows the answer.
by newyankee 8y ago
Isn't there something like generally accepted accounting principles in healthcare ? Genuine question if anyone knows the answer.
- wyldfire 8y agoIIUC, much of healthcare billing in the US is governed by discrete codes for services performed. I suspect this allows big customers like Federal Gov't & insurers to audit bills easier. In order to either be more specific about the bills or allow less wiggle room, they made these codes remarkably more specific recently (ICD-10 [1]). IMO the descriptions of the items in these codes are humorously specific. Imagine if your auto mechanic got $650/hr for labor, I suppose you would get much more specific invoices for their work too. [1] https://en.wikipedia.org/wiki/ICD-10 https://en.wikipedia.org/wiki/ICD-10
- newyankee 8y agoInteresting. Well the thing is if people really are motivated enough they will always find a way to skirt certain types of regulations.