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ICD-10: Making the Complex Simple

ICD-10 Making the Complex Simple: THE FACTS OCTOBER 2014 0101 10T00 10T0iotom01 0101100TIDI O 1001 DO OTODOO 0101 01 TI00 SUN MON TUE VED THU FRI SAT Most of the world has been using ICD-10 for years ICD-9 to ICD-10 14,000 codes transition begins 10/1/14 to 68,000+ codes THE PROS THE CONS More specific More precise More accurate 92% of physicians are concerned with the overall cost of converting %24 to ICD-10 96% of physicians are concerned with loss of clinician productivity after implementation Better data to connect, compare, identify Benefits will outweigh the implementation costs/process 97% of physicians are concerned with changes to clinical documentation THE COSTS The 2014 AMA study of estimated ICD-10 implementation costs: A Typical Small Practice Typical Medium Practice Typical Large Practice $56,639 - $226,105 $213,364 - $824,735 $2,017,151 - $8,018,364 THE PROBLEM ICD-10 will impact every area of your practice: CLINICAL BILLING SYSTEMS OFFICE THE SOLUTION Greenway's flexible, right-fit solutions Save hours of coding in ICD-9 for some payers, ICD-10 for others, recoding, and following up rejected claims Embed robust clinical vocabulary and code mapping so providers can continue to document as they choose PrimeSUITE Automatically map clinical diagnosis Clinician-friendly terms mapped to appropriate billing codes and other codes required for meaningful use PrimeRCM terms to multiple industry-standard coding systems Speed reimbursement, of properly coded claims to keep cash flowing at optimum levels during Automatically update standard PrimeSUITE templates with smart technology Integrated mapping to ICD-10 and -9 ICD-10 transition Stores preferred terms for appropriate claim filing IMO has built the most widely used and clinician-preferred terminology service for electronic health record (EHR) systems. Partnership with Intelligent Medical Objects (IMO) the medical vocabulary leader All the right pieces put together, for a simple transition to ICD-10 The Greenway team handles all your coding and billing activities and frees you to focus on the health of your patients, while it remains laser-focused on the financial health of your enterprise. Call 866.242.3805 for more information. Greenway TM greenwayhealth.com SOURCES: MGMA ICD-10 Study, January 2014 http://www.ama-assn.org/resources/doc/washington/icd-10-costs-for-physician-practices-study.pdf

ICD-10: Making the Complex Simple

shared by Greenway Health on Mar 27
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ICD-10 is coming! Bury your money in the yard! Stock your bunkers! Buy generators! Yes, I am being dramatic. But make no mistake: the ICD-10 transition is not going to simply blow over. Its potenti...

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