Is your organization ready for ICD-10? In our recent article A Fork in the Road, Finally?, Sense Corp outlines some key considerations around ICD-10 conversions.
Our first consideration is a big one: Revenue
Remediation of all systems to support the new standard is only one driver of cost and ideally should be thought of as an ongoing effort whenever possible. Remember that there will continue to be revisions to the ICD code set over time. Additionally, organizations should be prepared with cash reserves to minimize the impact of delayed payments due to all parties “coming up to speed” with the new standards. Also, consider engaging with your Revenue Cycle Management partners to prioritize efforts and identify issues.