A new article on the blog ICD-10 Watch looks at the risks associated with ICD-10 implementations, quoting ICD-10 expert Patricia Zenner. Here is an excerpt explaining four key risks:
In this phase, Zenner recommends that organizations identify goals, allocate resources to making necessary changes, chart a road map for how to achieve ICD-10 compliance and communicate with external partners.
“Analyze and test the portion of codes not cleanly mapped in order to assess the potential reimbursement impact, modify standardized schemes, modify contracts to provide for the uncertainty that will accompany the transition ‘data fog,’” Zenner writes.
What with the clock ticking, the implementation phase is the time to actually provide those allocated resources so your organization can achieve timely and accurate coding and reimbursement, Zenner adds. “Be over-prepared to address issues as they arise.”
Once ICD-10 is implemented and compliance day, October 1, 2013 has come and gone, healthcare organizations will need to monitor KPIs (key performance indicators) for any potential issues, actively manage reimbursement, and continue to promote open communication, Zenner explains.
For more on ICD-10, see these other resources:
- ICD-10: Industry perceptions and readiness
- The impact of ICD-10 on clinical operations
- ICD-10 impact on provider reimbursement
- ICD-10 savings: Who will be the winners?
- Podcast – ICD-10 critical success factors: Session 1
- Podcast – ICD-10 critical success factors: Session 2
- Podcast – ICD-10 critical success factors: Session 3
- Podcast – ICD-10 critical success factors: Session 4
- Podcast – ICD-10 critical success factors: Session 5