ICD-10 compliance is looming with all HIPAA covered entities required to adopt this by October 01, 2013. It dramatically increases the number of codes for both diagnosis and procedures from 17,000 to 155,000. ICD-10 promises to open up a new world of opportunities and benefits - fewer rejected claims, refinements in reimbursement models, minimize billing fraud, increase specificity and specific data leading to better data for reporting and benchmarking.
But for your healthcare organization to benefit you need a partner that can help you set out on that path and embrace it. Most of the heavy lifting has less to do with technology and more to do with people and processes and Technosoft is your partner of choice. We offer a spectrum of ICD-10 related services spanning impact and gap analysis, application remediation through to verification and validation and transition management.
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ICD-10 compliance is looming. Is your healthcare organization ready to tap into the opportunities that await?
1. ICD-10 Migration Services
overview Use, 5010, Healthcare reform among others. Most
crucially you could end up losing hard earned revenue.
ICD-10 compliance is looming over all HIPAA covered
entities. These entities need to adopt by October 01, The need of the hour then is a healthcare services
2013, the tenth revision of the International Classification specialist who can help you accomplish all this and
of Diseases (or ICD-10) for the diagnosis and procedure more.
codes to be able to successfully conduct health
transactions.
the technosoft approach
ICD-9 had several limitations such as limited data about With a track record of helping the healthcare industry,
patient’s medical condition and inpatient procedures, Technosoft can help you navigate the complexities of
was outdated and obsolete and inconsistent with ICD-10 migration by not only developing and reviewing
current medical practices. It was no longer workable your strategic approach, road map for implementation
for processes pertaining to treatment, reporting and but also providing services necessary for compliance
payment. The embrace of ICD-10 brings with several including IT system conversion, certified coders and
opportunities as well as challenges. For one the number training.
of codes has increased from 17,000 to nearly 155,000
(for both diagnosis and inpatient procedure). Similarly the The three pillars of Technosoft’s ICD-10 migration
code length has gone up from three-five digits to three- services are
seven digits. This expansion means greater specificity Technology Professional Services Training
and granularity but it also represents a massive overhaul
of the current system of coding diseases and symptoms Workflow Management:
Batch prioritization,
Consulting Web-based
ICD-10 Coders Customizable
as well as a new way of categorizing diseases and dashboards and alerts,
provider education
linking them to treatment options. Conversion: ICD 9-10
Crosswalk,NAV-10
Computer Assisted Coding
(CAC): Optimization, audit
and automation
what should healthcare entities do?
As a first step to a seamless transition you need to ICD-10 Ready
identify all ICD-10 touchpoints in your systems and
business processes. Subsequently you need to identify Technosoft’s ICD-10 Migration Approach & Conversion
the needs, resources and training along with testing Services
with third-party entities like clearing houses and related
activities.
ICD-10 Impact & Solution & ICD-10 Data Process
But there are challenges - not only is the clock ticking Gap Analysis Strategy Application Extraction, Re-engineering
Development Remediation Conversion & to Support
but because compliance is an unfunded mandate, there Reporting ICD-10
are budgetary constraints (while the estimate was 0.03%
of revenues, cost overruns has been the norm). Also
bandwidth is under pressure due to the need to keep
Verification & ICD-10 Training Consulting
up with several healthcare initiatives such as Meaningful Validation Transition Services
Management
Mar 2013 www.technosoftcorp.com