Archive for August, 2014

There are many estimates on how much ICD-10 Implementation will cost but you won’t have a real answer until you start observing cost for your practice. Regardless if you’re the most prepared healthcare organization, the new ICD-10 implementation will decrease your overall cash flow. The following are some great places to start adding up possible cost:
• Software and hardware
• Education
o Coder training
o Clinician education
o Awareness raising
• Testing related costs
• Staff time needed for:
o Implementation planning
o Training
o Testing
o Vendor management
• Consulting services
To read more, click: http://www.icd10watch.com/blog/icd-10-budgeting-what-are-some-costs-involved

With the deadline for the international Classification of Diseases, Tenth Revision (ICD-10) slowly approaching, many physicians are still figuring out how to completely implement it. Here are 5 resources to help your practice prepare for ICD-10:

1. CMS Provider Resources – Comprehensive checklists, helpful tips and transcriptions from webinars to guide providers in this transition.
2. American Academy of Professional Coders – The AAPC recommends that coders take an in-depth Anatomy and Physiology course to assess and develop their skills.
3. Medscape Education modules –30-minute video presentation offering practical guidance and covering some of the broader impacts on practices.
4. ICD-10 Implementation Guide for Physician Practices – Offers physicians a timeline for their preparation and will help determine the level of readiness for their practice.
5. ICD-9 to ICD-10 Conversion Tool – Tool for physicians to have on hand during the initial implementation.
To read more, click: http://medicaleconomics.modernmedicine.com/medical-economics/ICD-10/HIT/icd-10-training-5-resources-help-medical-practices-get-started#sthash.jQY1655e.dpuf