Posts Tagged ‘ICD10’

ICD10 – Don’t Delay, Make Sure You Do an Assessment

Thursday, February 24th, 2011

“Make sure to do an [ ICD-10 ] assessment,” said Tom Durel, CIO of Valley Baptist Health System in Harlingen, Texas.

Durel told FierceHealthcare that an assessment will help determine scope. At Valley Baptist, there are 70 systems that depend on ICD codes to run. An assessment will also help answer :

How much will it cost us?
How long will it take?
When will software suppliers have code available?
What sequence should things be done in to hit the Oct. 1, 2013 deadline?

“… if you don’t do an assessment and just start down the path, it could get pretty well out of control pretty quickly,” Durel said. His system is about 80 percent finished with its assessment.

Many providers and hospitals are putting off ICD-10 conversions, because they are already struggling with EHR and meaningful use. Funding is another challenge. Durel has heard from people who don’t think ICD-10 is a big deal. He thinks otherwise.

“… if you don’t get it right, you’re not going to get any bills out after Oct. 1, 2013,” Durel said.

Related posts

ICD-10 Implementation Approaches: Penny Wise and Pound Foolish

ICD-10 Software Selection for Health Care Coding

Enabling Borderless Health Care

 

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ICD10 – Companies To Gain From Health Care’s ‘Y2K’ Problem

Tuesday, February 22nd, 2011

ICD10 profiting from the Y2K of health care

We have been working on educating various constituencies about health care information management standards and health care reform and today we were mentioned in the Wall Street Journal regarding ICD-10.

Quoting the WSJ, “Some venture-backed information-technology companies that serve hospitals and health insurers are getting a boost from what analysts call the “Y2K” of health care. The problem is caused by a coming change in the coding system ..” “…Services has mandated that they move from ICD-9 to ICD-10 by Oct. 1, 2013.”

The ICD-10 conversion isn’t the medical industry’s only problem.”  ”…they have to update the electronic format they use to send claims back and forth–a shift from 4010A1 to 5010, a change that is mandated by Jan. 1, 2012, said Michael Arrigo, managing partner of No World Borders Inc., a consulting firm backed by Palos Verdes Venture Partners.”

You can read the full post on the Wall Street Journal here:

IT Companies Stand To Gain From Health Care’s ‘Y2K’ Problem – Venture Capital Dispatch – WSJ.

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