Advanced Revenue Cycle Analytics: An Overview
The Department of Health and Human Services’ (HHS) announcement of a proposed rule that would delay ICD-10’s implementation compliance date by a year—to October 1, 2014—has allowed the industry to sigh with relief. However, there are reasons for the delay. If indeed the industry was unprepared for the 2013 transition, perhaps as a result of the unfortunate yet educational 5010 transition difficulties, action should be taken now.
Health Management Technology published an article that suggests seven ways to spend your extra ICD-10 preparation time wisely. Included in these tips are suggestions to:
- Determine how much time coding will require and if hiring additional staff is necessary
- Ensure all parties involved will receive proper education prior to implementation date
- Check with business partners and healthcare technology vendors on their plan to handle the transition
- Review payor contracts and update terms for the ICD-10 code set
- Establish an adequate line of credit now to cushion ICD-10’s impact on your cash flow
White Plume Technologies would recommend that practices consider which and how many ICD-10 codes will be added to your current superbill. If you are still using a paper form, determine if you will be able to fit the number of ICD-10 codes on to a single sheet of paper or if you need to consider an electronic superbill option. If transitioning to an electronic form, start this process at least 7-8 months prior to the ICD-10 start date to pace the change in physician workflow.
White Plume has a plan for current customers and can accommodate the exact number of codes your practice needs into your future ICD-10 super bill. Current clients can learn more at the ICD-10 training and other training classes found here. For others interested in White Plume and our solutions for the future with ICD-10, contact us.