D'Arcy Gue

Commentary on the Scope of ICD-10 and Guidelines for Implementation

January 31, 2014

ICD-10 2 Minute Read

A new guide to the key ways to getting ahead of the risks to your revenue.

The implementation of ICD-10 will result in a short-term decrease in cash flow for even the most prepared healthcare organizations. However, the long-term effects of the implementation pose an even greater risk to the financial health of the organization. The risk that ICD-10 related changes in documentation, coding, grouping, and fee schedules could undermine the long-term financial health of your facility is too great to ignore.

This week, we published a guide to assist providers in their assessment of the long-term risks. The guide provides the information required to understand and address the risks now, so providers can protect their revenue for the long term. Download the guide, here.

CMS to conduct ICD-10 testing between March 3 – March 7.

CMS announced that it will conduct a testing period to assess providers’ ability to submit claims using ICD-10 billing codes. The program focuses on ICD-10 billing code submission between Medicare Administrative Contractors (MACs) and providers. For more details and information on how to participate in the testing, check out the official CMS announcement. 

These are the questions you should be asking your vendors.

Vendor coordination is vital for providers who are making the move to ICD-10. This week, ICD-10 Watch provides an interpretation of the guidelines provided by both the American Medical Association and the Centers for Medicare and Medicaid Services on ways to coordinate with vendors in the move to ICD-10. Read more here to ensure that you are on track in coordination with your vendors.

Why ICD-10 is about more than just codes.

EHR Intelligence published an article this week that calls attention to the reality of ICD-10. It is about more than just coding. The article makes the reader consider the broader implications, “the coder must build the ICD-10 code based on the presenting story of that patient’s visit from admissions to discharge.” It is important to recognize the impacts of the new code set and what it means for clinicians and physicians. Yes, there is greater specificity, we all know that, but there is also a stronger need for real-time documentation.

Related Posts