NASHVILLE, Tenn., Feb. 24, 2014 /PRNewswire/ -- Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, today released a whitepaper titled, "Best Practices for Transitioning to ICD-10," which details strategies healthcare providers can employ to successfully manage the change to ICD-10. The complimentary whitepaper is available for download at www.HIPAASimplified.com.
The transition to ICD-10 entails 14,000 ICD-9 codes currently in play being replaced with approximately 69,000 new codes. The magnitude of this change is a highly ambitious undertaking that has never before been accomplished by the U.S. healthcare industry. Healthcare providers will face a host of challenges if unprepared for the conversion, including concurrent risks to cash flow and patient care reimbursements. The Emdeon whitepaper examines these issues and offers actionable solutions healthcare providers can adopt to help ensure their organizations are equipped for the changeover including:
- implementing and testing compatible technologies;
- staff education and training; and
- practical change management.
"If not approached in a thoughtful manner, healthcare organizations may face significant unexpected costs, operational impacts and the potential delay or loss of hundreds to thousands of dollars monthly due to claim rejections and denials," said Mike Denison, senior director of Regulatory Programs for Emdeon. "This Emdeon whitepaper offers valuable solutions for healthcare providers to proactively address these challenges. Tips for transitioning to ICD-10 relating to education, training and change management will help providers prepare for the ICD-10 cutover well before the conversion date."
In 2013, Emdeon launched the industry's first of its kind self-service testing exchange solution for ICD-10 claims. The Emdeon Testing Exchange for ICD-10 allows healthcare providers and channel partners to submit ICD-10 test claims and receive Emdeon claim status feedback. Participating payers can then receive the accepted test claims via Emdeon's easy-to-use, self-service ON24/7 customer service portal.
"Emdeon is prepared to address the challenges of ICD-10 and we will continue to work with government and industry entities, our customers and our channel partners to make the ICD-10 transition as seamless as possible," continued Denison.
Additional materials to help guide Emdeon customers as they continue their ICD-10 transition are available at Emdeon's one-stop resource center, www.HIPAASimplified.com, which supports organizations preparing for regulatory mandates.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of solutions, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle and clinical information exchange processes. For more information, visit www.emdeon.com.
SOURCE Emdeon Inc.