Are you Among the 75% of Providers NOT Ready for ICD10?01.13.2014
A recent study by KPMG conducted in the last quarter of 2013 states that the majority of payers and providers surveyed are significantly deficient in preparing for key aspects of ICD-10 implementation. There are two main areas where those surveyed said their organizations had not properly addressed ICD10 implementation:
- comprehensive system testing
- determination of impact on cash flow and revenue cycles
Another finding is that nearly 75% of respondents surmised that the transition to ICD-10 coding would have moderate to severe impact on an organization’s bottom line.
Where do you stand with your ICD-10 Implementation? If you need help from a trusted advisor to get you there, contact Harmony Healthcare IT. One of our senior level consultants would be happy to step you through some links to useful resources and/or talk about an ICD-10 solution for your system.
Source: NASDAQ OMS Global Newswire