Implementing ICD-10 is more than just IT. Medical management and the opportunity to improve case management and pre-authorizations, decrease appeals, allow pre-authorization policy to increase auto adjudication allows for more “one and done” and touch-less claims.
If you aren’t looking at medical policy management and its inter-twined relationship with ICD-10, then you are not by definition looking at revenue cycle management either. Our firm has been working with clients on HIPAA 5010 and ICD-10 preparedness, and also behind the scenes we have spent quite a bit of time looking at medical concepts and their relationships to ICD-9 and how those change in ICD-10. Our past work in SNOMED has helped. Medical policies in XML, working in ways we cannot now conceive of will become common place in the future.
Systems implemented without looking at the way ICD-10 can help your company innovate will be leaving value on the table. ICD-10 implementations should be both about a view of the minimum to comply and the extra value that can be gained. He who implements ICD-10 without a thorough grasp of these issues is doomed to substandard results. Medical management under ICD-10 will require a new view of clinical data and an audit trail from ICD-9 to ICD-10. An ICD-10 assessment from a knowledgeable company can help show where opportunities are for your company.
We urge you to start the process now if you haven’t. It is more complex than you think. We understand, if you are a payor membership has declined, budgets are tighter. If you are a hospital or other type of provider, you most likely have been working on Meaningful Use and Electronic Health Records. Getting started with a business roadmap and a relatively small investment in an ICD-10 Assessment with our firm can be a good way to start. Contact us now at [email protected] to start the conversation.