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April 12, 2011

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ICD-10 : A Practical Guide to Conversion: Part V: Putting it all Together

Even in the three short months since PBN set out to develop this series, much has changed related to ICD-10: 

1.  CMS made significant changes to the ICD-10 code base (added 2,193 new codes, revised 737, and deleted 2,823 of the total 71,957 codes). 

2. The political climate changed significantly (though CMS has not changed its stance on deadlines for the switch). 

3.  More and more organizations are realizing the advantages of complying with the requirement and avoiding the severe penalties for non-compliance.  

(Though many organizations subject to the requirement are slow to get started (see the CMS sponsored Gartner survey, for details: https://www.cms.gov/ICD10/Downloads/ CMSVersion5010ICD-10scan.pdf ),

"Well begun is half done"

No matter how you feel about the requirement--whether you've embraced it and are on the road to completing conversion, or are just now in the planning stages, we hope you've found our series helpful.  

The main takeaways are:

• No matter how much planning, training and testing we do, things will continue to change before and after the deadlines pass--so as you plan, anticipate the need to plan for changes along the way. 

• The U.S. has been very slow to adapt to the advantages of electronic billing and the ICD-10 system that the rest of the world has long realized (the code was completed in 1992, and 25 countries currently use it for healthcare reimbursements)--we have no more good excuses for not moving forward. 

• I gnoring it and hoping it will go away (because of a repeal of healthcare reform or other political change) is no longer an effective strategy (and especially won't be after October, 2013).

• Free and fee-based help, training, and support is available from CMS, WHO, and other healthcare organizations, both non-profit and for profit (look back through the series and on our website at pbnmed.com/PBN-Minute/ICD-10/PBN List of ICD 10 Resources.pdf for more information).

To find out how PBN can help your practice move forward with ICD-10, contact . . .

PBN Business Development, 800.288.4901 or 

All content © 2011 Physicians Business Network | 10950 Grandview Suite 200
Overland Park, KS 66210 | 800.288.4901 | pbnmed.com

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Inside the

Thanks for Paying Attention. . .  

Healthcare professionals have a lot to deal with nowadays beyond just the practice of medicine.  As the business  of practicing medicine takes more and more of your time and attention, you have to wonder whether the primary focus on patients and the direct practice of medicine isn't somehow compromised.

Ultimately, many of these administrative distractions, including EHR, 5010 and ICD-10 code conversions, will have a positive effect on your practice and prove to be worth the time and effort.  In the meantime, thank you for paying attention to the new requirements and through this series of articles--we hope they've been helpful in introducing you to the upcoming requirements and setting your organization on a solid path to making the conversion in time to avoid any loss of revenue. 

Whether you decide to go it on your own, outsource as much as you can or take an approach somewhere in between, PBN is here to help.

Just give us a call to get started. 

— Jud

 

 

 

Jud Neal, PBN President & CEO

Visit us online at the new PBNMed.com.