Bonus/incentive
Happy Holidays!
Is there anyone out there whose institutions are considering a pay increase, bonus incentive or other financial process for keeping/retaining their CDI and coding staff with the upcoming ICD 10? What does it look like for your institution? A onetime payment? A raise? Installments?
Can someone also tell me if there is anywhere I can find what the pay for a CDI is relative to region/location, bed size etc. Thanks!
Juli Bovard RN CCDS
Certified Clinical Documentation Specialist
Clinical Effectiveness/Clinical Quality
Rapid City Regional Hospital
719-4390 (work)
786-2677 (cell)
"No Limit to Better......"
"The difference between the right word and the almost right word is the difference between lightning and the lightning bug."- Samuel "Mark Twain" Clemens
Is there anyone out there whose institutions are considering a pay increase, bonus incentive or other financial process for keeping/retaining their CDI and coding staff with the upcoming ICD 10? What does it look like for your institution? A onetime payment? A raise? Installments?
Can someone also tell me if there is anywhere I can find what the pay for a CDI is relative to region/location, bed size etc. Thanks!
Juli Bovard RN CCDS
Certified Clinical Documentation Specialist
Clinical Effectiveness/Clinical Quality
Rapid City Regional Hospital
719-4390 (work)
786-2677 (cell)
"No Limit to Better......"
"The difference between the right word and the almost right word is the difference between lightning and the lightning bug."- Samuel "Mark Twain" Clemens
Comments
Debra Stewart RN, BSN
Clinical Documentation Specialist
Sentara/Halifax Regional Hospital
South boston, va. 24592
(434)-517-3317 Work
(434)-222-9884 Cell
Tracy M Peyton RN, CCDS
Bradford Regional Medical Center
Upper Allegany Health Systems
116 Interstate Parkway
Bradford, PA 16701
814-558-0406
Kay Blue, RN BSN ACM
Director/Consultant
Clinical Documentation Improvement Program
Carolinas Healthcare System
Office: 704-355-7869
Mobile: 704-293-9732
E-mail: Kay.blue@carolinashealthcare.org
Sharon Cooper, RN-BC, CCS, CCDS, CDIP
AHIMA-Approved ICD-10-CM/PCS Trainer/Ambassador
Manager Clinical Documentation
Owensboro Health
P.O. Box 20007
Owensboro, KY 42304
Sharon.cooper@owensborohealth.org
Office: (270) 417-4612
Cell: (270) 316-9088
Fax: (270) 417-4609
http://www.hcpro.com/acdis/details.cfm?topic=WS_ACD_JNL&content_id=297856
Lots of good information there.
Don
Juli
yes, people are beginning to put retention bonuses in place; giving employees a set amount at increments
25% of the incentive payment once they start their ICD-10-CM/PCS training
25% of the payment once they complete their training, based on an 85% or higher proved competency rate
50% of the payment one year post-ICD-10 Âimplementation
if the staff leaves for whatever reason they would have to pay that money back.
Other options include a set amount at a set time, say every June, of a set dollar amount.
The dollar amount would obviously depend on the facility.
Melissa Varnavas
ACDIS, Associate Director