Whoever said, “Dates on the calendar are closer than they appear” wasn’t kidding. The oft-delayed, much-covered and highly anticipated ICD-10 deadline has finally arrived.
With the clock ticking toward the October 1st deadline for ICD-10, many providers still have a lot of preparation work to complete.
Your health system’s ability to continue to get reimbursed quickly and accurately hinges on its ICD-10 readiness. The stakes couldn’t be higher. Non-compliant files will be rejected after October 1, 2014. And “rejected” means only one thing: you won’t get paid.
Healthcare finance leaders are facing two major potential disruptors in the next 18 months: the changeover from ICD-9 to ICD-10 and the continued adoption of new pay-for-value models such as bundled payments. These events will have differing impacts on every healthcare provider organization, but mitigating the related financial risk will be a priority for all.