ICD-10 Compliance Checklist

ICD 10 Compliance Checklist | PracticeAdmin

With the advent of the ICD-10, there is a lot to rearrange throughout American healthcare. Just how much?

Even with the Obama administration’s roll-back of the ICD-10 compliance deadline to October 2015, a significant number of institutions aren’t sure if they’ll be ready for testing their ability to handle the new system.

So to help you, we've created a checklist for you to give your practices so they can understand the 6 best tips for ICD-10 implementation.

Tip 1 - Prepare for the Learning Curve

Getting on the inside track with coding as soon as possible saves a practice money and aggravation. There’s a steep ICD-10 learning curve which can lead to a productivity drop of up to 50%.

That equals a double financial blow.

Low productivity and high coding error will equal a big monetary loss. Practices need to be prepared for this double blow:

These are some of the methods practices are using to remain afloat during the ICD-10 learning curve:

Tip 2 - Follow the Testing Recommendations of the AHIMA

Tip 3 - Put Together a Project Team

Helping you reach these goals is a team that is dedicated to emplacing and monitoring all of your ICD-10 strategy. This team should include dynamic people in different areas of your practice, depending on its size, including seasoned billing personnel, doctors, and administrative or executive staff.

With every part of your business represented, the more prepared you are for any challenges. Any technical or financial bumps in the road will be seen as soon as possible by the appropriate people, which will help your practice stay above water.

Tip 4 - Make a Communication Plan

To help in this venture, you’ll need a strong communication strategy. Everyone in your practice will need to have regular updates about what to expect, and what is expected of them.

Tip 5 - Create a Manageable Timeline

The timeline will help you stay on top of the changes throughout the ICD-10 transition.  Despite the fact that IDC-10 isn’t in use until October, you need dates laid out for training and implementation. If using a software vendor that isn’t ICD-10 ready, you need to have your codes updated and a possible software release before the deadline.

Remember that every goal needs to be: 

Tip 6 - Let Everyone Know About It

When you have open communication with your entire staff about such systemic change as the ICD-10 transition, you create a more empathetic and cohesive practice. You also increase the opportunity for people to participate, which can help you if you’re pressed for more resources.

ICD-10 - Where Your Practice Stands

According to a report by the American Health Information Management Association and the eHealth Initiative:

Murky responses are higher with small to medium sized practices who have fewer resources to address the intense changes on the horizon of health care.

There are more than 893,000 practicing doctors in the United States, which means thousands of doctors are behind on ICD-10. They’ll be losing money, taxing their back office staff and fracturing the nation’s coding resources way past the breaking point.

Follow these tips, and you’ll be on the inside track.

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