Download - Addressing Top ICD-10 Concerns
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Addressing ICD-10 Implementation Challenges
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Challenge: Expense
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• AMA estimates cost for 3-MD practice = $83,290
• You can’t budget for your organization until you understand what it will involve:• Conduct an impact assessment• Budget time and resources
accordingly
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Impact Analysis• What systems / workflows does
ICD-9 touch today?• Who needs training?
• Coders, billers, physicians• How will EHR adoption impact
practice mgmt., billing, coding, reporting, etc.?
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• Budgeting may require you to make educated guesses on expenses that cannot be calculated• Ex: Diminished productivity for
coders and providers during the transition
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Challenge: Vendor Readiness
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• Ask vendors about their ICD-10 prep and anticipated timelines.
• Not confident your EHR vendor will smoothly transition your system to ICD-10?• Consider switching to an EHR
partner that is committed to ensuring your success.
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Challenge: Productivity Impact
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• BCBS Association estimates coding errors will increase 10-25% in 1st year of transition
• Improving clinical documentationis one of the best ways to prepare for the transition’s impact on productivity of physicians and coders.
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• More codes means more documentation
• Documentation Considerations• Linking relevant conditions • Initial Encounter → 7th
Character Extension “A” for Patient under Active Treatment
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• Documentation Considerations• Subsequent Encounter → 7th
Character Extension “D” for Routine Injury Care during Healing / Recovery
• Sequela → 7th Character Extension “S” for Complications / Conditions resulting from an injury (E.g., Scar resulting from a burn)
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• Clinical Documentation Assessments• Do random samples support ICD-
10 coding?• Implement Documentation
Improvement Strategies• Train → reassess → train again
• Appoint an ICD-10 Implementation/ Documentation Champion
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Challenge: Cash Flow Impact
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• The ICD-10 transition is likely to cause disruptions in cash flow for a number of reasons.• Clean claims may take longer to
be submitted due to productivity declines.
• Denials may spike due to mapping or coding errors.
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• Take steps to protect cash flow during the transition:• Budget for additional cash
reserves• Ask major payers about their
readiness to process claims coded in ICD-10
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• Take steps to protect cash flow during the transition:• Improve clinical documentation
to minimize denials• Plan your strategy to manage
denials before, during & after ICD-10 implementation
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Challenge: Testing
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• Plan to conduct testing using the ICD-10 codes as a critical step in preparing your organization for the ICD-10 transition.• Internal testing• External testing
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Want to learn more about ICD-10?
Watch a free recorded webinar at
successehs.com/archived-webinars.
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Need a health IT partner to help you achieve
success with ICD-10, Meaningful Use & more?
SuccessEHS can help. Visit www.successehs.com
to request a demo.
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