Small to Medium practices face several barriers in the implementation to ICD-10. These include limited funds for implementation, limited internal expertise in ICD-10, significant operational impact from decreased cash-flow, and limited resources to address the onslaught of regulatory changes in the healthcare industry. And, in case you were wondering there are no exceptions granted to small offices for regulatory compliance issues due to small organizational size, lack of funding or lack of staffing!
So what are the steps for dealing with ICD-10 and overcoming or preventing operational disruptions?
1. Understand the impact of not preparing for ICD-10 on your practice.
- Severe disruption of your revenue cycle
- Increasing days in AR
- Reduced productivity of all staff
- Patient frustration over delays in billing
2. Identify the key players for success.
- Billing software or service
- EHR vendor
3. Take action now to prepare for the change
- Create your plan for implementation
- Identify a third-party with resources and the ability to assist you with your ICD-10 coding, training and implementation needs.
Cornerstone Medical Management has developed a project plan for small to mid-sized practices to guide you through the transition to ICD-10. Our program is a 12-month, web-based, personally guided ICD-10 implementation plan that supports you throughout all of 2015. We begin in January with a Launch theme and continue working with your office each month providing you a monthly project plan with tasks, training and monitoring to help assure that your office is prepared for this significant change. Click here for details
Over our 15 years in the healthcare industry, we have worked with hundreds of offices across the country on billing, coding and compliance topics. We have the expertise and knowledge to guide your office as you face the unique challenges of implementing ICD-10. Having a project partner to ensure your practice is ready to meet the challenges you will face, may be the key to a successful future. Partner with us and we will provide the planning, execution and training required for a smooth transition.
For those that elect to create their own project plan, we offer a series of 10 webinars and 2 classroom training sessions along with a clinical documentation improvement program to support you. These 10 webinars break down the ICD-10 training into manageable pieces. Check out the topics and schedule here.
Now is the time to begin your preparations for ICD-10. The change is substantial and the impact to each office significant.
Your homework for this month is to find a web or classroom based introduction to ICD-10. Cornerstone offers a free one-hour webinar to get you started. For information, click here.
Get acquainted with ICD-10!