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July 16, 2012 1:22:53 pm

Preparing for ICD-10 Potential Financial Issues

The ICD-10 conversion will have financial ramifications for companies that do not adequately prepare.  While most of the conversion issues relate to medical coders, there are steps financial officers can take to ensure their organizations are ready.  ICD-10 implementation will happen quickly, and companies can avoid potential problems during the transition by planning ahead.  
 
To help companies prepare, Healthcare Finance News has collected five potential financial issues healthcare organizations face during the ICD-10 conversion, including:
  • Training 
  • Cash Flow Crunch
  • Recovery Audit Contractors (RAC)
  • Medical record coders, and
  • Security risks.

For details on these potential issues, please visit Healthcare Finance News.  To learn more about REDW’s healthcare services, please contact Chris Tyhurst or Steve Cogan.


Tags: Healthcare, ICD-10


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