Physician Practices and the ICD-10 Transition

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.

It is the goal of CodeSmart™ to inform and educate the physician practices that haven’t made significant strides in ICD-10 implementation on our ICD-10 Transition for Physician Practices Package.

Our product is comprised of four phases:

  1. ICD-10 Impact-
    1. Impact assessment gap analysis
    2. Chart Review
    3. Clinical documentation review
    4. Needs assessment of the practice
    5. Evaluation of the EHR
  2. People Process Technology-
    1. Practice improvement
    2. Remote chart audits
    3. Coder and clinician training
  3. Testing Plan-
    1. Clinical documentation upgrade
    2. Technology remediation
    3. Training follow up
    4. Dual coding
    5. Coding audits
  4. Implementation-
    1. Evaluation and check-up
    2. System testing
    3. Outsourced coding available
    4. Qualify to sit for ACQA certification

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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Mr. Ira Shapiro currently serves as CodeSmart's Chairman and Chief Executive Officer.

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