ICD -10 Transition and it’s impact on revenues for healthcare provider

Medical Technology, Healthcare & Government IT

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By Gunjan Siroya

There are several significant changes occurring in the Healthcare industry, but very few have a direct impact to your earning potential like the transition from ICD-9 to ICD-10. While there have been many conversations focusing on the need for this upcoming ICD-10 transition, few have got into analyzing the risk and positive impacts to the business of healthcare.

If you have not started, or are in the process of making the ICD-10 transition, you need to know how to prepare your organization for this big change and assess the impacts in real business numbers.

Hello Health teamed up with Netspective to talk about ICD-10 and the Revenue Connection. Fred Pennic, a leader in ICD-10 transition, Healthcare IT consultant and a prolific writer on various topics about Healthcare IT, led this webinar.

Their shared objective was to provide advice on how to make the transition from ICD-9 to ICD-10, understand the revenue impacts from this change, and learn how this transition will help you manage business risk. This webinar reviewed important considerations for ICD-10 readiness to help your staff remain focused and avoid any revenue hiccups.

Netspective covered a lot of ground and provided numerous tips and tricks to plan or improve your strategy for this ICD -10 transition. The recommended approach is to focus on three things – People, Process and Technology. We understand that change management is a big challenge in this transition process, and discuss about how hard it is to rise above the daily grind; how to get the organization rallied for this change, how to build a measurable ICD -10 transition plan, and how to deploy this change across your organizations’ ecosystem.

Please see the Webinar on ICD – 10 transition that took place on Wednesday, April 17th here.

If you have any specific questions you’d like us to answer, send them to  Fred or Gunjan  and we’ll be happy to respond.

 

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