icd-10 compliance is looming. is your healthcare organization ready to tap into the opportunities...

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ICD-10 Ready Technology Professional Services Training Workflow Management: Batch prioritization, dashboards and alerts, provider education Conversion: ICD 9-10 Crosswalk,NAV-10 Computer Assisted Coding (CAC): Optimization, audit and automation Consulting ICD-10 Coders Web-based Customizable overview ICD-10 compliance is looming over all HIPAA covered entities. These entities need to adopt by October 01, 2013, the tenth revision of the International Classification of Diseases (or ICD-10) for the diagnosis and procedure codes to be able to successfully conduct health transactions. ICD-9 had several limitations such as limited data about patient s medical condition and inpatient procedures, was outdated and obsolete and inconsistent with current medical practices. It was no longer workable for processes pertaining to treatment, reporting and payment. The embrace of ICD-10 brings with several opportunities as well as challenges. For one the number of codes has increased from 17,000 to nearly 155,000 (for both diagnosis and inpatient procedure). Similarly the code length has gone up from three-five digits to three- seven digits. This expansion means greater specificity and granularity but it also represents a massive overhaul of the current system of coding diseases and symptoms as well as a new way of categorizing diseases and linking them to treatment options. what should healthcare entities do? As a first step to a seamless transition you need to identify all ICD-10 touchpoints in your systems and business processes. Subsequently you need to identify the needs, resources and training along with testing with third-party entities like clearing houses and related activities. But there are challenges - not only is the clock ticking but because compliance is an unfunded mandate, there are budgetary constraints (while the estimate was 0.03% of revenues, cost overruns has been the norm). Also bandwidth is under pressure due to the need to keep up with several healthcare initiatives such as Meaningful Use, 5010, Healthcare reform among others. Most crucially you could end up losing hard earned revenue. The need of the hour then is a healthcare services specialist who can help you accomplish all this and more. the technosoft approach With a track record of helping the healthcare industry, Technosoft can help you navigate the complexities of ICD-10 migration by not only developing and reviewing your strategic approach, road map for implementation but also providing services necessary for compliance including IT system conversion, certified coders and training. The three pillars of Technosoft s ICD-10 migration services are Technosoft s ICD-10 Migration Approach & Conversion Services ICD-10 Migration Services Mar 2013 www.technosoftcorp.com ICD-10 Impact & Gap Analysis Solution & Strategy Development ICD-10 Application Remediation Process Re-engineering to Support ICD-10 Data Extraction, Conversion & Reporting Verification & Validation ICD-10 Transition Management Consulting Services Training

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ICD-10 compliance is looming with all HIPAA covered entities required to adopt this by October 01, 2013. It dramatically increases the number of codes for both diagnosis and procedures from 17,000 to 155,000. ICD-10 promises to open up a new world of opportunities and benefits - fewer rejected claims, refinements in reimbursement models, minimize billing fraud, increase specificity and specific data leading to better data for reporting and benchmarking. But for your healthcare organization to benefit you need a partner that can help you set out on that path and embrace it. Most of the heavy lifting has less to do with technology and more to do with people and processes and Technosoft is your partner of choice. We offer a spectrum of ICD-10 related services spanning impact and gap analysis, application remediation through to verification and validation and transition management.

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Page 1: ICD-10 compliance is looming. Is your healthcare organization ready to tap into the opportunities that await?

ICD-10 Ready

Technology Professional Services Training

Workflow Management: Batch prioritization, dashboards and alerts, provider educationConversion: ICD 9-10 Crosswalk,NAV-10Computer Assisted Coding (CAC): Optimization, audit and automation

ConsultingICD-10 Coders

Web-basedCustomizable

overviewICD-10 compliance is looming over all HIPAA covered entities. These entities need to adopt by October 01, 2013, the tenth revision of the International Classification of Diseases (or ICD-10) for the diagnosis and procedure codes to be able to successfully conduct health transactions.

ICD-9 had several limitations such as limited data about patient’s medical condition and inpatient procedures, was outdated and obsolete and inconsistent with current medical practices. It was no longer workable for processes pertaining to treatment, reporting and payment. The embrace of ICD-10 brings with several opportunities as well as challenges. For one the number of codes has increased from 17,000 to nearly 155,000 (for both diagnosis and inpatient procedure). Similarly the code length has gone up from three-five digits to three-seven digits. This expansion means greater specificity and granularity but it also represents a massive overhaul of the current system of coding diseases and symptoms as well as a new way of categorizing diseases and linking them to treatment options.

what should healthcare entities do?As a first step to a seamless transition you need to identify all ICD-10 touchpoints in your systems and business processes. Subsequently you need to identify the needs, resources and training along with testing with third-party entities like clearing houses and related activities.

But there are challenges - not only is the clock ticking but because compliance is an unfunded mandate, there are budgetary constraints (while the estimate was 0.03% of revenues, cost overruns has been the norm). Also bandwidth is under pressure due to the need to keep up with several healthcare initiatives such as Meaningful

Use, 5010, Healthcare reform among others. Most crucially you could end up losing hard earned revenue.

The need of the hour then is a healthcare services specialist who can help you accomplish all this and more.

the technosoft approachWith a track record of helping the healthcare industry, Technosoft can help you navigate the complexities of ICD-10 migration by not only developing and reviewing your strategic approach, road map for implementation but also providing services necessary for compliance including IT system conversion, certified coders and training.

The three pillars of Technosoft’s ICD-10 migration services are

Technosoft’s ICD-10 Migration Approach & Conversion Services

ICD-10 Migration Services

Mar 2013 www.technosoftcorp.com

ICD-10 Impact & Gap Analysis

Solution & Strategy

Development

ICD-10 Application

Remediation

Process Re-engineering

to Support ICD-10

Data Extraction,

Conversion & Reporting

Verification & Validation

ICD-10 Transition

Management

Consulting Services

Training

Page 2: ICD-10 compliance is looming. Is your healthcare organization ready to tap into the opportunities that await?

Identify current systems and work processes that use ICD-9 including clinical documentation, superbills and other clinical and administrative systems that need to be updated. Implementation requires changes to systems that capture and report diagnosis and procedure codes with the immediate opportunity due to the change in character length and the need to expand the data fields.

The next step is to identify potential changes to existing workflows, business processes and reporting.

Role specific training is essential to ensure your staff is knowledgeable about the ICD-10 code set and are well prepared to start using the new codes appropriately. Key decisions here include which code sets are involved (ICD-10-CM used by physicians for diagnosis and/or ICD-10-PCS used by hospitals for inpatient procedures), personnel to be trained and format (web, classroom, train the trainer).

The last and most essential step is testing with your trading partners with whom transactions are exchanged like clearing houses. This will ensure that you are able to send ICD-10 transactions and ensure received properly.

healthcare practiceProvider BPO Services: Medical Coding * Provider Billing & Collections * Credentialing * Denial Management * A/R Recovery & Management.

Payer BPO Services: Claims Processing * Provider Data Management * Provider Recruitment & Credentialing * Member Services * Case Management.

Back Office Services: Procure to Pay * Order to Cash * General Accounting * Financial Reporting * Data Conversion

Related IT services Application Lifecycle Services (ALiS), Data Sciences (TIES), Mobility (MobXL), Remote Infrastructure Management (TRIMS) and Independent Verification & Validation.

we can helpICD-10 promises to open a world of new opportunities and benefits – fewer rejected claims, refinements in reimbursement models, minimize billing fraud, increased specificity, specific data leading to better data for reporting and improved benchmarking. Contact Technosoft today for a risk-free consultation and more

z Gap analysis, risk and impact assessment (especially financial)

z Software consolidation and IT system conversion z Process improvements z Third-party testing z Training and change management – ICD-10 coders z Dual coding support for ICD-9 and ICD-10 during crossover

About TechnosoftTechnosoft Corporation is an IT and BPO services provider with headquarters in Southfield, MI, USA and delivery centers in India. We offer information technology, business process outsourcing and consulting services to companies in the healthcare, financial services and retail industries and the US local and state governments. Customers trust us to offer services and solutions that combine our technology acumen, business insights and delivery focus. Our culture and environment attracts and retains exceptional talent which is a key ingredient for our sustained growth. To see how Technosoft can go ‘Beyond Possible’ for your organizational needs , email us at [email protected] or visit us at www.technosoftcorp.com.

© Copyright 2012, Technosoft. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Technosoft. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.

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World Headquarters 28411 Northwestern Hwy, Suite 640 Southfield, MI 48034 Tel: (248) 603-2600 Fax: (248) 603-2599

why technosoft ~ A focused healthcare specialist with 25 clients and a track

record of offering consulting, technology implementation and certified coders

~ Experienced senior management and professionals with in-depth understanding of healthcare business processes

~ Members of AAHAM, AHiMA, HBMA, hfma and American Academy of Professional Coders

~ Standards benchmarked against ISO17799 and ISO27001 guidelines

~ Well defined activity plans ensure availability of people, process and technology as required by the compliance implementation plan