When it comes to describing ICD-10's impact on the revenue cycle, Rich Silveria paints with a broad brush. "The impact will be pervasive," says Silveria, corporate director of revenue finance at Partners HealthCare System, Boston. "It touches all the information systems within a provider, except maybe payroll and accounts payable. It is an enormous amount of work, a large complicated project. And my intuition is that most providers have underestimated the effort to get it done."
Silveria speaks from experience. Partners is among only a handful of hospitals that have begun the transition work to the new coding and reimbursement nomenclature, which is mandated by the Centers for Medicare & Medicaid Services to take effect by in October 2013. A variety of industry surveys-from WEDI and other groups-suggests that the industry is falling behind the necessary preparation for the change, whose first step is implementing the HIPAA 5010 claims transaction standard.
Register or login for access to this item and much more
All Health Data Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access