Thursday, February 27, 2014

Medical Coding and XBRL

by: Michael Castro, XBRL Production Manager
CompSci Resources, LLC

The world of healthcare has many complexities and nuances. At the center of much of this is information, and more information than most industries combined. In part, medical professionals collect and analyze data as it pertains to diagnosing symptoms; sharing new discoveries, progress with methodologies, developing trends; and costs.

In practice, healthcare relies largely on the efficient storage, tracking, and accessibility of information and data. That begs the question of why the collection, dissemination and analysis of health-related information is so cumbersome.

Wednesday, February 12, 2014

DATA Act, Part 2: Will it help? XBRL?

CompSci Resources, LLC

Lately, there has been quite a bit of news about the Digital Accountability and Transparency Act (DATA Act). I have recapped the highlights from the last several months; we also provided a summary of the White House Office of Management and Budget (OMB) comments on and suggested amendments to the DATA Act (including responses from public and private leaders that have been promoting the legislation).

However, we have two compelling questions to answer here:
  • Will the DATA Act improve reporting?
  • What will the DATA Act mean for the XBRL community?