8 Ways ASCs Can Prepare for ICD-10
At the 10th Annual Orthopedic, Spine and Pain Management-Driven ASC Conference in Chicago on June 14, 2012, Kevin McDonald, senior vice president of sales of the revenue cycle solutions division of SourceMedical Solutions, discussed the impact of and preparation for ICD-10.
Implementation timeline is set at Oct. 2014. Although this is pushed back from the original timeline, Mr. McDonald said it would benefit ASCs to begin preparing now.
The benefits of ICD-10 include better efficiency for measuring quality, designing payment systems, conducting research and clinical trials, setting health policy, monitoring resource utilization and more. Mr. McDonald said the introduction of ICD-10 will impact many ASC day-to-day operations, such as scheduling, coding and billing as well as state reports that include claims data.
There are a number of things ASCs can do to prepare for ICD-10:
1. Start anatomy and physiology training for coders.
2. Start training physicians on documentation.
3. Talk to your vendors about their transition plans.
4. Talk to commercial payors about their transition plans.
5. Make a contingency plan for workers' compensation – especially if you are orthopedic-driven.
6. Follow the "day in the life" of a diagnosis code.
7. Determine which policies and procedures will be affected by ICD-10.
8. Consider outsourcing.
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
- 8 Emerging Business Issues in Spine Surgery
- Rezin Orthopedics and Sports Medicine Adds Dr. Mir Ali to Medical Staff
- Using Clinical Outcomes to Drive Pain Management Profits
- 5 Ways Spine Cases Can Improve Profitability in Poorly Performing Surgery Centers
- Greenwich Hospital Names Dr. Steven Hindman Director of Orthopedic Surgery