1 ADVANCE for Executive Insight
1 ADVANCE for Executive Insight
1 ADVANCE for Executive Insight
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evenue cycle management<br />
Remember that the simplest claim submission<br />
under ICD-10 looks like a medium<br />
complexity submissions in ICD-<br />
9. As painful as it is to think about that,<br />
there will be more than 300 ways to<br />
code a diabetes claim.<br />
How about a complex one?<br />
Eliminate Bottlenecks<br />
What are the bottlenecks in the processes today? Is it technology?<br />
Is it workflow? Is it personnel? Look at everything that is happening<br />
today with the idea that it is going to take 25 percent more resource<br />
allocation to do it tomorrow. Can 25 percent be found in<br />
the process today? Can it be re-engineered to be more efficient?<br />
Could that technology purchase you postponed because Return on<br />
Investment was dubious now be more effectively deployed? Productivity<br />
losses under ICD-10 are assumed and they will be real.<br />
Talk to your vendors. They have been living in the ICD-10 world<br />
<strong>for</strong> quite a while and may have cost-effective products or services<br />
available to mitigate the losses.<br />
Don’t Forget Training<br />
It has been estimated that a coding professional will require more<br />
than 50 hours of ICD-10 training to be effective in the new world.<br />
Multiply that training by 50 percent if they will be doing inpatient<br />
services. Start awareness training now. Evaluate the benefits of<br />
training a core team of coders today and have them duplicate claim<br />
submission in ICD-10. This will obviously add to overhead but a<br />
productivity loss of 2-3 percent while employees become com<strong>for</strong>table<br />
in the new world will pay off once compliance is real.<br />
All the known costs associated with ICD-10 will pale under the<br />
productivity losses that will be incurred if organizations do not<br />
understand current processes and look at any possible avenues <strong>for</strong><br />
productivity increases today to soften the blow tomorrow.<br />
Your hospital may have been<br />
selected to take part in CDC’s<br />
new National Hospital<br />
Care Survey (NHCS).<br />
Participation in the survey will include completion of<br />
a short, self-administered facility questionnaire and<br />
electronic submission of Uni<strong>for</strong>m Bill (UB)-04 data<br />
(administrative claims) to a secure site on a recurring basis.<br />
Health In<strong>for</strong>mation Management professional staff<br />
members are eligible <strong>for</strong> free continuing education credits<br />
after completion of an on-line training about participating<br />
in NHCS.<br />
“The National Hospital Care Survey (NHCS) is a new<br />
survey that will gather critical in<strong>for</strong>mation on<br />
important issues facing our health care system from a<br />
wide variety of sources across hospital settings. Your<br />
participation in this survey is vital in order to gather<br />
the in<strong>for</strong>mation needed to make our health care system<br />
even better and more safe than it is now. Thank<br />
you in advance <strong>for</strong> your participation.”<br />
Thomas R. Frieden, MD, MPH<br />
Director, Centers <strong>for</strong> Disease Control and Prevention<br />
National Hospital<br />
Care Survey<br />
For more in<strong>for</strong>mation, visit<br />
www.cdc.gov/nchs/nhcs.htm<br />
National Hospital<br />
Care Survey<br />
<strong>ADVANCE</strong> <strong>for</strong> <strong>Executive</strong> <strong>Insight</strong><br />
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