How Will ICD-10 Affect your Business?

CMS’ July 12, 2012 News Update on “Steps to Assess How the ICD-10 Transition will Affect your Organization” reinforces what HCIM and AXIOM explained in our “ICD-10’s Impact on your Business” webinar series:

  • Even if the ICD-10 deadline is delayed, it’s still critical to continue with the implementation in order to not lose momentum and leave plenty of time for testing.
  • An ICD-10 impact assessment is essential to identifying exactly how your organization will be affected by the ICD-10 code sets, including:
    –  Documentation revisions
    –  Staff training on new codes and processes
    –  Reimbursement model review and updates
    –  Technology and claims system compatibility
    –  Vendor contract and systems updates
    –  Business process and workflow revisions
    –  Time required for implementation and testing
    –  Additional resources required
  • A thorough impact assessment will help your organization to establish a solid implementation plan and avoid costly mistakes.

For information on HCIM’s ICD-10 Impact Assessment services, please contact Laurie Kirkland at lkirkland@hcim.com or 949-290-6445.

About HCIM

Since 2000, HealthCare Information Management, Inc. (HCIM) has delivered expert consulting services and robotic automation tools for small to mid-sized healthcare payer and managed care organizations. Our concierge consulting services include everything from core claims system procurement to go live, including configuration, migration, upgrades, reporting, benefits and fee schedules, user training, and project resourcing. We also offer strategic consulting in the areas of value based payments, population health, medical management, medical loss analysis and recovery, care management, provider contract modeling, data analytics, and business process reengineering/analysis.