Top 5 benefits of implementing ICD-10 now

The healthcare Industry as a whole is currently weighing its options after the recent announcement by Health and Human Services Secretary, Kathleen Sebelius that the federal government may extend the October 2013 ICD-10 implementation deadline.

As of right now, no one knows what the time frame for the extension would be or who would be exempt from the exception. In addition, ICD-11 is fast approaching and expected to be implemented around 2015, just a year away if the industry were granted a one-year extension for ICD-10. This begs the question, if companies delay ICD-10 implementations now, how will they be ready for ICD-11? There are multiple options to weigh, which I will discuss in this blog post. (more…)

5 Mistakes Payers Should Avoid While Implementing ICD-10

The deadline for ICD-10 implementation is fast approaching and healthcare Payers and Providers have less than two years to meet the requirements. Some healthcare organizations have yet to initiate their plans for the migration, some have progressed at a slow pace and very few have made substantial commitment to completion.

Payers on track with the ICD-10 implementation process should have completed the Risk/Impact assessment of their IT and business areas and started their planning activities. Based on our experience with previous HIPAA implementations, we believe there are a few areas that healthcare organizations need to consider to ensure success of their ICD-10 migration program. (more…)

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