StrongBase Healthcare Consulting is Prepared to Support the Community Hospitals and Physicians While They Migrate from ICD – 9 to ICD – 10 Helping to Recover Millions
Cleveland, OH, February 09, 2014 --(PR.com
)-- StrongBase Healthcare Consulting “SBHC” is a leading locally owned Global OnDemand Staffing and Managed IT Services Company to the Healthcare Industry. “SBHC” is prepared to hold your hand through tough healthcare times..., is prepared to support the Community Hospitals and Physicians in Ohio and surrounding states while they migrate from ICD – 9 to ICD – 10, helping to avoiding Millions in Lost Revenue.
On October 1, 2014 a significant change is set to occur in the health care industry: the adoption of the ICD-10 code set for reporting diagnoses and procedures to payers. The new code set increases the number of reporting codes from about 13,600 to more than 69,000, representing a dramatic increase in the level of reporting detail and granularity. The changeover to ICD-10 will also be costly for many practices. The costs for typical small, medium, and large practices have been estimated at $83,290, $285,195, and $2,728,780, respectively. Source: Making a Smooth Transition: Avoiding the Top 5 Risks of the ICD-10 Conversion, Athena Health
“Industry analysts such as the Robert E. Nolan Company characterize ICD-10 as exceeding Y2K with respect to cost and impact.” Source: Deloitte ICD-10, Turning Regulatory Compliance into Strategic Advantage
What are the (3) biggest ICD-10 worries of practices:
1. Delayed payments after October 1, 2014 similar to those seen during 5010 transition – The Dual coding features of SBHC10 allows providers and staff to start using ICD-10 TODAY. This enables learning and testing ICD-10 submissions without changing daily workflows.
2. Cost of course material, training, travel and extra staff coverage – SBHC10 includes hyperlinked ICD-10 index (Volume 3) and the ICD-10 table (Volume 1) so there is no need to buy the ICD-10 books. SBHC10 includes ICD-9 cheat sheets with the 100 most common codes for many specialties.
3. Fear of selecting the right code – SBHC10 Select uses CMS guidelines to provide visual cues to providers to make sure that only valid ICD codes are added to patient chart. All “Exclude Notes” are embedded into SBHC Select and shown when the code is selected. SBHC10 also has a unique feature to ensure accurate 7th Character placement required for many ICD-10 codes as per CMS guidelines.
In addition to the above, a senior level executive in a large local health system in Canton, Ohio is concerned by the level of change and effort required by his staff going from ICD – 9 to ICD – 10 will cause. “The increased complexity of ICD-10 will require a wide variety of adaptations by health care providers.” A report by one health care strategic planning firm lists
Business-process analysis of health plan contracts
Coverage determination and documentation
Changes to superbills
IT system changes
Increased documentation costs
“Dealing with this complexity will be time-consuming — especially when this transition is happening at the same as the transition to Meaningful Use Stage 2 - EMR.” Source: Making a Smooth Transition: Avoiding the Top 5 Risks of the ICD-10 Conversion, Athena Health
A Network Gap Assessment by SBHC (StrongBase Healthcare Consulting) to make sure your systems are compliant and ready for change is critical for a smooth transition. A comprehensive diagnostic of your current system will be evaluated and a determination of its readiness for the conversion / migration to ICD-10 will be delivered, along with a implementation plan of those gaps that need filled in time for the October 1st, deadline.
SBHC (StrongBase Healthcare Consulting) is a women-owned leading life science technology staffing and IT services company. Combines a proven track record of superior performance, a quality-focused approach to service delivery, and the highest-caliber technical professionals in the market,“SBHC” helps its clients successfully support and focus on the planning, building, and running of their critical operations and technology initiatives. With more than 25 years of combined experience, we support our clients by helping them identify the right technical professionals the first time.
SBHC (StrongBase Healthcare Consulting) have decades of experience in healthcare and other industries. We offer informal, conversational consulting in topics including.
Meaningful Use 2014 (Stage 1 and Stage 2)
ICD9, ICD10, and SNOMED
The Direct Project
Business Intelligence/Healthcare Analytics
SharePoint Design and Development
Healthcare Analytics/Business Intelligence
Managed IT Services
“SBHC” offers proven expertise in identifying life sciences resources that will deliver sustainable client-based solutions that help identify and secure resources that will deliver for your organization an optimal level of efficient, and high-quality performance across your organization and for your clients. “SBHC” is an OnDemand Recruiting and IT Services Company: For information about SBHC and to schedule your Network Gap Assessment e-mail us at Sales@strongbasehc.com .
SBHC , LLC.