ICD-10 is cited as being one of the most significant changes in the healthcare industry. In ICD-10, there are nearly 5 times as many diagnosis codes and 19 times as many procedure codes compared to ICD-9. ICD-10 impacts every physician, hospital and healthcare entity and specialty. Failure to address correct coding and reporting will have major repercussions on your revenue cycles. Minimize the risks of reduced revenue and decelerated payments with a robust governance framework.
Organizations are well served when they understand how audits will work and proactively discover and correct any issues internally rather than wait for any external audit that may carry considerable financial risk and potential penalties, not to mention the reputational damage.
This presentation by our speaker Susan Ulrey, an audit expert will help you understand whether your preparations for ICD-10 have paid off. You will be able to develop a governance framework for self-assessments and readiness assessments. It will help you in evaluating the gaps and will ensure that they are addressed.
Get the tools for a solid framework for conducting self-assessments, a checklist for preparing for third party audits and tips for handling the initial year of implementation, and a framework for handling assessments and remediation. In addition, we will walk through some specific examples to help support frequently asked questions and unique aspects of the first year post go live.
The focus on the preparing for audits can result in a better understanding of strengths and weaknesses within your organization and can generate major wins operationally and financially. You can minimize the financial risks. Adding to it, results of the audits can lead to opportunities for improvement in quality assurance, clinical documentation, organizational improvement including system enhancements, both in the long run and short term. This should translate into better patient outcomes. By better understanding the unique aspects of the initial implementation you can better plan and prepare for those areas of focus.
You can use the results of the audits for branding and marketing purposes to demonstrate commitment to quality. Positive audit results may lead to fewer external reviews being conducted.
Who should attend?
- Thomas J. Force
Susan Ulrey, FCA, CFE, CIA, QIAL, CRISC, CRMA, MBA is a consultant with expertise in strategy, finance, and controls. Her decades of healthcare industry experience spans all company types and sizes. She has served more than 200 clients throughout her career and has been a frequent speaker at more than 40 industry and professional conferences in the last three years.