While we presented the mid-year report card which included June 2016 data based on date of service, we thought it ICD-10 Healthcare Comparative Analytics - Request more info
would be interesting to compare June 2016 with stats from one year ago, based on check date. This will illustrate
how the industry is doing based on claims processed in June. Here’s what we found:

In almost every category – from DME to procedures and imaging – the denial rates were down from June 2015.
July_2016_ICD_Service_level_RemitDATA_Comparative Analytics

Processing time: this category was especially of interest, as our data is reflecting an overall reduction in staff processing time.
Payers are processing claims 3 days slower this year than in 2015, but staff processing time is 5 days faster.
In almost every category – from DME to procedures and imaging – the denial rates were down from June 2015.      
July_2016_ICD_processing_RemitDATA_Comparative Analytics

Remittance velocity: Another interesting find, in that claims are being paid faster during June 2016 than during June 2015
– with only 16.3% reaching into the 61+ category.
July_2016_ICD_remittance_RemitDATA_Comparative Analytics

The data continues to be of interest, as one would assume ICD-10 to slow things down.
But, important to note that the year isn’t over yet and claims are still rolling in.
We’ll continue to monitor the data, check back again soon.