Successful ICD-10 transformation

The transition from ICD-9 to ICD-10 is one of the most significant and resource-intensive programs in healthcare. Every process, system, application, program, report, database, and interface that contains or involves an ICD-9 diagnosis or procedure code must be adapted or changed to accommodate ICD-10.  Prioritizing the ICD-10 transition will provide a number of benefits and challenges to your organization. You must forge ahead with readiness procedures in order to meet the mandated transition deadline.

A successful transition will greatly reduce the risk your entire organization is facing. Moreover, the transition can enhance your organization’s ability to document, report, and process services. While the benefits of an ICD-10 implementation are vital to your operational success, it takes a well-planned strategy and the full commitment from your stakeholders to get there.

Fortunately, Beacon Partners can help, with a fully integrated set of ICD-10 readiness services that streamline the entire process: 

Guiding the Enterprise: Assessment, Governance, and Project Management   

Optimizing Technology: Impact Analysis, Interoperability, and Implementation 

Financial Planning: AR Process Enhancement and Reimbursement Modeling

Data-Driven Gap Analysis: Risk Mitigation and Revenue Cycle Optimization

ICD-10 Translator Tool

Our ICD-10 revenue risk assessments are fortified with our ICD-10 Translator and business intelligence solution. Powered by technology developed by McGladrey, the fifth largest U.S. provider of assurance, tax, and consulting services, the ICD-10 Translator is an analytic platform that assists healthcare organizations in transitioning to ICD-10 and beyond.

Key Features of the ICD-10 Translator:

• Claims Analysis - Review detailed presentation of your claims portfolio, highlighting source, occurrence, and revenue to provide you with comprehensive claims analytics.
• Default ICD-10 Mapping - Assign default ICD-10 codes based on common and core coding elements such as interest, current experience, and investigative reasons.
• Reimbursement GEMs Analysis - Examine the impact the transition to ICD-10 will have on current reimbursements. Evaluate the impact the MCC/CC assignment will have on claims.
• DRG Analysis - Develop ICD-10 focused reimbursement guidelines that accurately reflect your MS-DRG groups, yield fewer denials, reduce the overall impact on AR, and decrease the AR cycle to the fewest days possible.
• Standard and Customizable Reporting - Run our built-in reports, or build your own customizable reports to meet the needs of your organization.
• Ad-Hoc Analytics - Add and subtract information from your business intelligence views to help evaluate the impact the transition will have based on these “what if?” scenarios.

Once the ICD-10 assessment is complete, our team will work with you to manage the entire transition. We take a “big-picture” approach to developing strategies that integrate ICD-10 with initiatives across your organization, including Meaningful Use, business intelligence and performance analysis, resource maximization and more.

Make Beacon Partners your first stop on the road to ICD-10 conversion and stay ahead of the curve.