The Healthcare Information and Management Systems Society (HIMSS) has released a new report to help providers address areas of risk involved in planning and implementing ICD-10. The new HIMSS G7 report, ICD-10 Transformation: Five Critical Risk Mitigation Strategies, is the second G7 advisory report focused on ICD-10, and comes as providers must deal with the approaching Oct. 1, 2013 conversion deadline.
The latest HIMSS report looks at real-life issues of ICD-10 implementation in the context of the healthcare economy, competing federal mandates and limited resources. This report identifies five areas of risk healthcare providers should address in their decision-making process for the ICD-10 transition. These five areas are:'
- Financial impacts and sustainability,
- Work force,
- Vendor readiness,
- Provider payments, and
- Fraud, waste and abuse.
“Our G7 Roundtable reviewed our first ICD-10 report and realized that we need more analysis and answers to questions surrounding the potential impact of claims rejections and delayed payments, ” John Casillas, senior vice president of HIMSS Business-Centered Systems, said in a statement.
Casillas says hospitals can have between 100 -200 software systems and 30 different vendor partners that must be reviewed during the ICD-10 transition. “This report is designed to provide guidance for successful and timely implementation of ICD-10.”