Budgeting for ICD-10: 10 Things to Know

ICD-10 expenses go beyond just the cost of staff training and new software, according to an ICD10Watch report. Here are 10 business and clinical process considerations healthcare providers should also factor into their ICD-10 budgets.

Business processes (staff time):

•    Review and update prior authorization, referral process, utilization management
•    Review and implement payer-specific medical policy
•    Review and update payer contracts for diagnosis based reimbursement
•    Review and update payer contracts for quality and/or performance-based reimbursement
•    Review and update provider productivity measurement process
•    Review and update paper superbills and other paper forms
•    Review and update compliance processes

Clinical processes:

•    Review provider documentation query process
•    Review and make necessary updates to clinical documentation
•    Purchase and implement computer-assisted coding

More Articles on Coding and Billing:
10 Statistics on Medical Coder Salary, Benefits
AMIA: ICD-10 Transition to Be Convoluted
Taking a Custom Approach: Best Practices for Effective ICD-10 Staff Training

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