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HIMSS Report Offers ICD-10 Conversation Risks

February 2, 2012
by Gabriel Perna
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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:'
 

  1. Financial impacts and sustainability,
  2. Work force,
  3. Vendor readiness,
  4. Provider payments, and
  5. 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.”
 

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