SLIDE 12 Slide Deck: http://goo.gl/iMXpqO Webex Support 1-866-223-3239 Event # 661 748 825 12
ICD-10 Project Risks
Category Risk Description Risk Impact Prob Impact Action Plan Edu/CDI Lack of engagement in ICD- 10 remediation effort from physicians Physicians under-educated & unprepared for ICD-10; impacts rev cycle through claim delays and denials, and audits. High High Mandatory physician training, Ongoing training may need to occur for high impact areas. Edu/CDI Loss of Coders/Validators Backlog of claims (DNFB) will increase High High Contracting with multiple coding firms; implementation of career ladder Finance AR and DNFB not minimized going into ICD-10 Predicted increase in AR will materially affect cash position of
- rganization; DNFB impact will
increase number of bills not submitted within allowed window High High Collaboration between PFS and HIM to identify how coding productivity can be increased, and identify gaps and delays in receivables Finance Payers, Partners and Trading Partners are not ready for ICD-10 at date of compliance Delays processing of claims; delays payments; may exceed filing deadlines; affects cash position Med High Participate in MHDC collaborative testing program; Identify ICD-10 requirements between vendor/BIDMC charge systems and individual billing vendors; work with vendors to remediate potential issues Tech Other priorities prevent remediation of key systems Delays testing, increases risk at go- live Med High Document amount of effort spent on other priorities Work-flow Resistance to transition of
- utpatient billing from paper
fee tickets to on-line system Continued use of paper fee tickets that cannot adequately support broader range of ICD-10 diag codes; impacts productivity, increased risk
Med High Roll-out outpatient billing system prior to ICD-10 compliance date so that physicians can become familiarized before transitioning to new code set