While the challenges of implementing ICD-10 are well documented, the impact to the revenue cycle is not as well known. Revenue cycle leaders must model their payor contracts now to mitigate the risks that ICD-10 will bring.
Three key questions will help assess your readiness for payor negotiations over the next 18 months:
• Can you model contracts against real claims data?
• Can you analyze multiple contracts scenarios across multiple facilities in a single model?
• Can you verify revenue neutrality by comparing side-by-side patient data and contracts that have been dual coded in ICD-9 and ICD-10?
If not, now is the time to act! Download this informative “Playbook” for guidelines on how to capture all net revenue contractually owed, mitigate risk by modeling payor contracts, improve time to bill, and more during the ICD-10 transition.