 Financial Improvement ICD - 10 Implementation- Are you prepared? ICD-10-CM/PCS will have a significant impact on the work of your compliance area as well as on your HIM Department, Finance Department and your organization as a whole. There are many considerations to ensure a successful transition from ICD-9 to ICD-10 by October 1, 2015. For example, hospitals need to conduct ICD-9 to ICD-10 medical record documentation analysis on both the hospital and physician sides. The objective of this analysis is to determine whether existing documentation may be utilized to assign ICD-10-CM diagnostic codes. Also, the ICD-10-PCS (procedure codes) will affect hospital inpatients, and hospitals must identify deficits in documentation that will not allow the assignment of ICD‑10‑PCS codes. By identifying such deficits, any potential adverse impact upon revenues can be minimized, such as on the Discharged But Not Final Billed statistic. And, as you know, ensuring compliance up front will be less costly than after the implementation of these changes. There are four major phases to an effective implementation plan:
Our team has many years of experience in compliance and HIM related services. We have a comprehensive assessment and implementation model to get your hospital ready for ICD-10. Our comprehension of the implementation process and potential issues allows us to help you successfully navigate the transition.
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