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ICD-10 conversion could disturb revenue cycles
This article is part of the Pulse issue of September 2015
ICD-10 finally arrives Oct. 1. While health information management and health IT departments may feel ready, that confidence likely does not extend to the area that will be most affected -- revenue cycle. For most health IT departments, at this point ICD-10 is the equivalent of "changing the oil," as Joshua Berman, director of ICD-10 at healthcare revenue cycle company RelayHealth, explained recently. At the Healthcare Financial Management Association's annual conference in June, casual conversations with health IT professionals demonstrated little urgency when it came to ICD-10 conversion. After last year's false alarm -- the federal government delayed the original implementation date of Oct. 1, 2014, the culmination of a series of prior postponements -- almost everyone said that the necessary tools are in place, such as computer assisted coding applications. The dry runs with clearinghouses, payers and other organizations related to reimbursements have been conducted. Coders have been trained or are being trained. But among ...
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Features in this issue
This issue of SearchHealthIT's Pulse e-zine looks at the upcoming ICD-10 deadline, with a focus on the final prep work before the Oct. 1 transition.
The ICD-10 implementation date is fast approaching, and providers should know what to expect. Here are some important facts from CMS' ICD-10 resources.
Revenue cycle management professionals seem to have reluctantly accepted that the ICD-10 conversion won't be a smooth process.
As the Oct. 1 ICD-10 implementation date nears, larger provider organizations appear to be ready, with testing, training and double coding complete.
Internal testing, employee education and training are three of the most important actions providers should take ahead of the ICD-10 deadline.