ICD-10 has presented monumental preparation challenges to U.S. healthcare providers, who have had to overhaul their billing departments and systems and retrain their staffs. And many may now think the heavy lifting is done, according to a recent survey of industry executives conducted by HealthLeaders Media and The SSI Group, Inc. But while providers may successfully get a bill out the door with a valid ICD-10 code, they may not be prepared for a payment delay or an actual drop in revenue when the payer sends it back for more details.
The adoption of the ICD-10 code set will represent a significant change in the health care industry. This whitepaper outlines the five major risks of the ICD-10 transition that your practice should expect, as well as ways to ensure your medical billing, practice management, and EHR vendor is prepared to make your transition as smooth as possible.
The purpose of this paper is to provide a clear understanding of HIPAA and ICD migration, analyze the benefits beyond ICD remediation by providing regulation insights, and discuss the impact of the new regulations on systems,