Impact of the Delayed ICD-10 Implementation
Explore the repercussions of the postponed ICD-10 implementation, including concerns, importance, timeline, impact on healthcare, and recommendations for regaining balance. Learn about the significance, advocacy efforts, and practical solutions in this informative depiction.
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Presentation Transcript
ICD-10 is Delayed! How do you Regain Balance? Nicolet A. Araujo RHIA Principal, PCG naraujo@primeauconsultinggroup. com
Commonly Heard Concerns about ICD-10 Too costly to small physician practices Too many new codes Too many weird codes
Importance of ICD-10 Lowering the cost of healthcare Preventing fraud, waste and abuse Increasing Administrative efficiencies Improvements in quality measurement, public health monitoring and research translating into improved quality
How Did This Happen? H.R. 4302 Protecting Access to Medicare Act of 2014 Timeline: H.R. 4302 passed on March 27 via voice vote by House S.2157 proposed on March 31 but rejected by Senate H.R. 4302 passed on March 31 by Senate H.R. 4302 signed into law by President Obama on April 1, 2014 (April Fool s Day)
What is the Impact? Software/EHR products Hospital/Physician Group Implementation Projects ICD-10 Education Schedules Coding Educational Programs
What is the Impact? (cont.) Quality Population Health
Coalition for ICD-10 Healthcare Industry Advocacy Group Calling for a firm new implementation date for ICD-10 info@coalitionforicd10.org
Now What? Recoup monies already spent through actionable solutions Implement practical solutions to be better prepared 1. Clinical Documentation Improvement 2. Business Process Redesign
Thoughts and Thanks Discussion Questions and Answers Thank you Contact Info: Nicolet A. Araujo RHIA Principal, PCG naraujo@primeauconsultinggroup.com
