LAS VEGAS, June 25, 2012 /PRNewswire/ -- Precyse, a leader in health information management (HIM) technologies and services, leading up to the HFMA Annual National Institute 2012 , released a new report titled, "Stay the Course: Trust Innovation to Guide Your ICD-10 Transition."
The new report was launched after the recent shift in the proposed compliance date for ICD-10 from Oct. 1, 2013 to Oct. 1, 2014. "Even though it is a proposed rule that has a 30-day comment period, many industry leaders do not anticipate the date to move again. So what should you do with all this extra time? Stay the course and use it as your opportunity to get prepared," says Precyse President, Chris Powell.
The 8-page report, authored by Dee Lang, Precyse Vice President of Product Management and Strategy, advises providers to use this extra time to capture better data to create a more complete and useful set of codes, especially if you are in a more automated electronic medical record environment. "This delay provides the time you need to focus on improving your clinical documentation and determining whether it supports ICD-10. Non-specific codes are still available in ICD-10. But if we continue to use non-specific codes, what are we really accomplishing?" said Lang. "What we are going to need to do is get providers to think and act differently."
Precyse will also announce at the show its latest accolades for its precyseCode™ computer assisted coding (CAC) solution. In a KLAS report titled "Computer-Assisted Coding: A Glimpse at the Future of HIM Technology," Precyse was "praised for [its] strong technology and received the highest scores of providers' perception that their solution will meet their needs," wrote Graham Triggs, author of the KLAS report.
While ICD-10 readiness, increased productivity and improved efficiency are major forces behind the interest in CAC, Precyse believes providers should also focus on the clinical and quality implications of CAC.
And Precyse isn't the only one receiving accolades. Precyse client, Baptist Health System (BHS) was awarded the 2012 MAP Award for High Performance in Revenue Cycle by HFMA. The award was given for an achievement of measurable excellence in the revenue cycle and their model will be used as a best practice for the healthcare industry.
Precyse is a sponsor of HFMA ANI 2012 and will be located at Booth #1653 – where it will be conducting demonstrations of precyseCode and the latest enhancements to Precyse University™ education program, which offers one-of-a-kind education and training delivered on-site or online to enhance the knowledge and expertise for all populations impacted by ICD-10.
More than 1,000 hospitals are now committed to Precyse University education. Equipped with more than 300 coders and hundreds of HIM and clinical professionals on staff, Precyse has a track record of developing tried and true educational content to keep its team of experts consistently meeting or exceeding industry accuracy and timeliness benchmarking standards. Precyse has used this same approach for building its ICD-9 and ICD-10 education content. The Precyse ICD-10 education content is available online through Precyse University or the HealthStream Learning Center®.
Precyse provides industry leading expert services and comprehensive technologies that empower healthcare organizations to most effectively and efficiently capture, organize, secure and analyze clinical data and transform it into actionable information, supporting the delivery of quality patient care and optimizing operating performance. Precyse has enabled 1,000 hospitals and health systems nationwide to improve efficiency and deliver tangible outcomes for more than a decade. With products ranging from an integrated transcription and coding platform with advanced speech recognition, expert workflow technologies and Natural Language Comprehension™ to HIM consulting and services, Precyse's flexible software can be delivered standalone or complemented by a professional staff of more than 1,200 experts. Now more than ever, hospitals and health systems are challenged to achieve meaningful use of the legal health record. Precyse is the partner hospitals across the country choose to achieve this goal. To learn more, visit www.precyse.com.
Sparking innovation in healthcare information™
HFMA ANI Booth #1653
Krista Souto, Precyse