13 October 2017

Medical Billing Consultancy Role in Practices Planning For Icd-10 Conversion

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Medical Billing Consultancy Role in Practices Planning For Icd-10 Conversion

The extent and scope of ICD-10's clinical and operational impact is such that it is going to influence how functional departments coordinate and operate internally among themselves as well as with external entities such as payers and regulatory bodies. Therefore, it is imperative that providers migrate to clinical and operational practices that best endorse ICD-10 requirement. Hence practices are increasingly realizing the need to spruce up and better integrate the three important components: people, technology, and processes. While they may have the will and financial might to pay for elevating these three factors, they may still lack the requisite foresight and planning, which are the pre-requisites to a successful ICD-10 implementation. This is where, the external consultants - with a track record of delivering HIPAA 5010 and ICD-10 assessments, ICD-10 impact analysis, and ICD-10 implementation plans on time and on budget with excellent results - assume significance.
Having realized the importance of partnering with external consultants, practices have one more thing to evaluate: the process adopted by their prospective consultants. Ideally, the best consulting should comprise of:
As ICD-10 and HIPAA 5010 compliance is going impact on core clinical and operational functions, including patient care, drug administration, provider systems and reporting, () - by virtue of competent understanding of the people and process changes needed to support ICD-10 implementations - can easily enable providers to evaluate the technical impact of the change and determine the best way to meet those changes.
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