D'Arcy Gue

Mitigating the Risks of ICD-10

July 16, 2013

ICD-10 1 Minute Read

ICD-10 is going to change everything.

Every tool, system, report, program, process and interface involving ICD-9 diagnosis or procedure codes must be adapted for ICD-10. This includes:

  • Revenue Cycle Systems
  • Administrative Systems
  • Clinical Systems
  • Interfaces
  • Data Extract Files
  • End User Documentation

If your hospital doesn’t prepare properly, you will be exposed to several, significant risks, the most important risk being — NO CLAIMS WILL BE PAID AFTER OCTOBER 1, 2014.

It’s important that your hospital take the required steps to minimize the risks that the conversion to ICD-10 imposes — and soon. The deadline for conversion is only 14 months away. While that might seem far away right now, there’s a tremendous amount of work required. Get started now — read our recently published report to initiate your efforts.

Our recent report details the areas at risk in the transition to ICD-10, such as:

  • Provider Readiness
  • Vendor and Payer Readiness
  • People
  • Processes
  • Financial Impacts

The report not only discusses the risks, it also provides detailed information regarding the ways to mitigate the risks to these areas.

Download the ICD-10 Risk Report, to reach a deeper understanding of the risks and risk mitigation methods in order to prepare for and avoid the negative impacts of ICD-10.

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