Posted on March 12th, 2014
by Ira Shapiro
As the October 1st date for the ICD-10 transition approaches, physician practices continue to struggle with the readiness of implementation. A recent study completed by the Medical Group Management Association (MGMA) which included responses from 21,000 physician practices, showed that less than 10% of responding physician practices reported they had made significant progress in preparing for the transition to ICD-10. This is a very concerning number as physician practices aren’t close to preparing for the biggest change in healthcare.
Our product is comprised of four phases:
Each phase is designed to assist physician practices on their ICD-10 implementation efforts and ensure uninterrupted revenue cycle, as well as provide the easiest approach to ensuring a smooth transition to ICD-10.
In addition, we also offer the ICD-10 Readiness Guidelines, which is a self-guided program for physician practices that provides resources, questionnaires and timelines to help physicians prepare and move towards compliance during the ICD-10 transition…and minimizes the need for expensive consulting services.
We can reduce the stress of ICD-10 implementation by helping physicians better understand the clinical documentation requirements of the new coding system. We want to train and educate physicians in a way that respects their time and expertise without sacrificing current workflow or revenue cycle.
It is an exciting time in the coding industry, I look forward to updating you more on CodeSmart™ and how we are preparing the healthcare industry for ICD-10 transition.
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