Business Studies, asked by shivamnawani9083, 10 months ago

Can You Tell Some Of The Important Terminologies Most Widely Used In Healthcare Domain?

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Answered by notoriousboy777
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One of the great difficulties in the health care industry is the use of standards. The idea of establishing a standard, of course, is that you have one set requirements to which everyone adheres. Yet there are so many standards for so many different purposes in healthcare that it can become daunting to navigate.

This is particularly true when it comes to healthcare terminology and CMS reporting or other quality reports. As discussed in our Guide to Knowing Which Terminology Standard to Use, there are billing terminologies like ICD-9/ICD-10 for claims data, SNOMED CT for various types of clinical data, LOINC for lab results, as well as internal terminology specific to the organization, and more. So many different standards for so many different things, and sometimes they even overlap.

Implementation of these terminology standards is another challenge. The objective of many standards is to enable greater capabilities, like interoperability, based on common building blocks. However, adoption and implementation of the standards has proven difficult and expensive. The only standards that have become widely adopted are those that have a clear and significant return on investment, like billing codes where adoption is mandatory for reimbursement.

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