DALLAS, Oct. 4, 2011 /PRNewswire/ -- SourceHOV, LLC, a leading provider of Business Process Solutions and Knowledge Process Outsourcing, has signed an agreement with 3M Health Information Systems to make its outsourced coding resources, provided through SourceHOV's subsidiary LexiCode Corporation, available with 3M's complete suite of ICD-10 products and services. 3M will offer SourceHOV's qualified, credentialed coding resources to help healthcare facilities maintain current coding workflow and reduce risk of backlogs during the ICD-10 transition.
The critical shortage of qualified coders has long been an industry reality. With ICD-10 implementation only two years away, healthcare organizations must not only deal with a limited supply of coders, but at the same time need additional coders to support ICD-10 training, coder retirement, and time needed for current staff to gain competency in ICD-10. Without additional resources, these factors could lead to coding slowdowns, posing risk to facility revenue and profitability.
"Access to qualified, credentialed coding professionals is one of the most critical concerns facing our clients as they transition to ICD-10," said JaeLynn Williams, Senior Vice President, Marketing and Client Operations, 3M Health Information Systems. "SourceHOV has a proven track record of supporting clients with highly skilled and knowledgeable coders when and where they're needed most."
The integrated outsourcing solution offering by 3M and SourceHOV is available immediately and is featured in both the SourceHOV and 3M booths at the American Health Information Management Association (AHIMA) 2011 Annual Convention, Oct. 2-6, in Salt Lake City, Utah.
"This agreement brings together two industry leaders with a long history of commitment to quality, accuracy and compliance in coding products and services," said Ralph D. Burns, Division President for SourceHOV's Business Process Solutions' HealthSERVE segment. "We are tremendously excited to offer our outsourced coding services with 3M's ICD-10 solutions to help facilities deal with productivity concerns during the transition to ICD-10."
More information about HIM coding and consulting services offered by SourceHOV, is available at www.sourcehov.com and www.sourcecorp.com. To learn more about 3M Health Information Systems and its ICD-10 products and consulting services, visit www.3Mhis.com\icd10.
With revenues of almost $500 million, SourceHOV is one of the largest Business Process Solutions and Knowledge Process Outsourcing companies in the industry, serving customers in more than half of the Fortune 100® with deep domain expertise. SourceHOV provides end-to-end business process outsourcing solutions with highly customized services as well as specialized knowledge-based processing and/or consulting solutions. SourceHOV offers clients in information-intensive industries, such as financial services, healthcare, legal, retail, telecommunications, government, and transportation, the solutions to process, analyze and manage their information in a cost efficient manner, including the coding and abstracting of medical records, imaging and electronic storage of medical records for hospitals, temporary staffing for healthcare institutions and providing healthcare data analytics, which include managed care compliance reviews, contract modeling and revenue integrity analysis such as under/over payment analysis and billing services. The company's global workforce is now more than 14,200 employees operating from approximately 80 delivery centers in six countries including the U.S., Mexico, Canada, India, China and the Philippines.
About 3M Health Information Systems
Best known for our market-leading coding system and ICD-10 expertise, 3M Health Information Systems delivers innovative software and consulting services designed to raise the bar for clinical documentation improvement, computer-assisted coding, mobile physician applications, case mix and quality outcomes reporting, and document management. Our robust healthcare data dictionary and terminology services also support the expansion and accuracy of the electronic health record (EHR) system. With nearly 30 years of healthcare industry experience and the know-how of more than 100 credentialed 3M coding experts, 3M is the go-to partner for more than 5,000 hospitals worldwide that want to improve quality and financial performance. Visit www.3MHIS.com