How Can Health Care Providers Assess ICD-10’s Impact and Reduce Implementation Risk?
The clock is ticking… On October 1, 2013, health care providers and others using ICD-9 diagnosis and procedure codes must convert to ICD-10, a full replacement code set which provides greater detail and granularity when coding diagnoses and inpatient hospital procedures.
Since ICD-9 codes are interwoven throughout clinical and financial operations and systems, Deloitte expects the size and scope of ICD-10 implementation to be complex, time-intensive and costly.
While acknowledging ICD-10's regulatory mandate, we are hearing providers asking, “How do I assess ICD-10's impact and reduce implementation risk to my organization, while optimizing ICD-10's long-term benefits?”
The new report, "ICD-10 Implementation for Health Care Providers: The Business Imperative for Compliance" describes the impact of the proposed move to ICD-10 on U.S. health care providers and discusses the need to prepare for this change now. The report suggests that providers:
- Assess ICD-10's potential impact on operations, finance and technology to determine the magnitude of work that will be required to achieve implementation and compliance.
- Use the assessment to develop an ICD-10 implementation roadmap.
The transition to ICD-10 appears formidable; however, for those providers that assess and plan for its potential impacts, ICD-10 should provide substantial clinical, operational and financial benefits.
Download "ICD-10 Implementation for Health Care Providers: The Business Imperative for Compliance" below.