Stay on Top of Changing Regulations to Provide for Claims Reimbursement
How McKesson Can Help with the Migration to ICD-10 Code Sets
Software modifications and IT upgrades comprise only a small portion of the conversion process to ICD-10 code sets. Most of the effort is expended in process improvements, clinical coding optimization, updating payer contracts and using analytics to determine the system works well before the changeover day.
Many providers plan to allocate time for parallel ICD-9 and ICD-10 processing before final cut over. This testing will help surmount any challenges, test compatibility with payers and vendors, and help organizations produce compliant claims data. We are prepared to assist with the necessary road-mapping to meet their objectives.
- Road Mapping Assistance and Planning Tools: This package helps McKesson customers plan for ICD-10 and maintain a consistent schedule of activities to achieve goals. The package includes information on required releases, a gap analysis of products and an upgrade schedule.
- McKesson ICD-10 Transition Services: These contracted services help providers to augment existing staff, assist with project management or oversee the conversion. Services include an initial assessment, detail planning and implementation of the project plan.
What You Need to Know About ICD-10 Implementation
The compliance date for the ICD-10 code set will occur soon, and there’s still much work to do. Once the transition goes into effect on Oct. 1, 2014, claims will have to include ICD-10 coding for the Centers for Medicare & Medicaid (CMS) to accept them for payment consideration.
Regardless of other initiatives under way throughout the healthcare industry, such as Meaningful Use attestation, readmissions programs, and payment reform, all covered entities must comply with the ICD-10 standards. Many healthcare analysts compare the ICD-10 changeover to the effort for Y2K — only worse.
If your organization hasn’t begun planning for ICD-10, you already are behind. Delays in planning and implementing the new code set can create payment delays and negatively impact your revenue cycle. Extra time provided by the incremental year for compliance can be spent performing testing, training and parallel ICD-9/ICD-10 processing to minimize disruptions in workflow and reimbursement. Confidence in ICD-10 readiness will enable better focus on meaningful use.
To understand where you stand on required tasks for compliance, take our online ICD-10 Readiness Self-Assessment. If you find you need help on your migration activities, McKesson offers ICD-10 services to help you assess your ICD-10 readiness, develop your roadmap, and manage risk and implementation.