While providers may be inclined to breathe a huge sigh of relief once they have successfully executed ICD-10 implementation and testing, the reality is that most of the hard work still awaits them after October 1, 2014.
Despite even the well-prepared healthcare organizations, making the changes to ICD-10 won’t be anything close to a seamless transition. This new environment will create revenue disruptions (i.e. reimbursement delays, increased denials due to new coding standards, etc.), potential cultural pushback, and an uptick in organizational compliance risks as we get used to ICD-10 coding.
A COMPREHENSIVE APPROACH
While the transition to ICD-10 presents challenges and must be carefully planned and implemented it also provides opportunities to improve your healthcare delivery and financial performance. Our Post ICD-10 Compliance Services are designed to assist your organization in implementing enterprise-wide solutions and to provide knowledge transfer so that your staff can successfully sustain results in the new ICD-10 environment.
Our approach is designed to address all aspects of the ICD-10 transition and includes the following components:
- Modification of training and education strategies by soliciting feedback on effectiveness of training during ICD-10 implementation phase
- Ongoing change management support through comprehensive audience-specific communication plans
- Financial impact analyses of ICD-10 implementation on claim processing productivity, claim denials and rejections, providers coding accuracy, and productivity, *among others*
- Ongoing monitoring/modification of business operations
- Revised risk and monitoring plan(s)
- Ongoing clinical documentation reviews to identify additional training needs
- Ongoing review of system capacity requirements and application runtime
- Efficiencies
The results of our Post ICD-10 Compliance Services are improved care delivery, patient safety, financial performance, and the reduction of organizational liability. Our comprehensive approach extends far beyond coding; on the contrary, we will work side-by-side with our clients to ensure that the efforts used in preparing for and ultimately implementing ICD-10 changes are effectively managed and sustainable for the future.
WHAT SETS US APART
Provident’s depth of experience in healthcare operations, compliance, data analysis, and revenue cycle makes us uniquely qualified to provide valuable analysis and guidance.
Our team members have professional backgrounds working in provider organizations, law firms, and government agencies. We have unmatched knowledge of organizations across the healthcare spectrum, from single hospitals to healthcare systems, academic medical centers, and physician practices.