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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.
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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 • Clinical Documentation Improvement • Business Process Redesign
Thoughts and Thanks • Discussion • Questions and Answers • Thank – you • Contact Info: Nicolet A. Araujo RHIA Principal, PCG naraujo@primeauconsultinggroup.com