WPC Highlights Importance of Engaging Payers for ICD-10 Migration at AHIMA Meeting

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WPC Highlights Importance of Engaging Payers for ICD-10 Migration at AHIMA Meeting

MEDIA ADVISORY

June 4, 2014

WHAT: Larry Watkins, business services vice president, WPC, will present on “Effectively Engaging Payers for ICD-10 Migration” at the American Health Information Management Association (AHIMA) 2014 Clinical Coding Meeting. Despite the extended deadline, ICD-10 is a huge undertaking for healthcare providers. This session will offer a comprehensive approach for engaging payers as a key part of a hospital’s migration to ICD-10. AHIMA is the premier association of health information management professionals worldwide.

WHY: The migration to ICD-10 presents many risks for healthcare organizations, and perhaps the single most important success factor in the move to ICD-10 for hospitals is to effectively engage health plans. A hospital’s revenue is dependent on a successful ICD-10 transition for both the hospital and its insurance payers. Hospitals’ ICD-10 remediation plans must include the monitoring and tracking of the readiness of health plans. This means that, in addition to ensuring their own compliance, hospitals must proactively monitor payers to ensure they are on track to achieve compliance. Although the federal government has delayed the implementation deadline for ICD-10 one year to October 1, 2015, hospitals should take advantage of the additional time to complete a quality remediation phase along with executing a thorough risk management plan to minimize the transition impact. A central part of this is extending end-to-end testing with payers.

Watkins, an established ICD-10 expert, will counsel providers on the key elements of engaging payers for ICD-10 migration, what to look for in payer contracts, important issues to address with each payer and strategies for effective payer testing.

INTERVIEW OPPORTUNITIES: Larry Watkins is a 25-year credentialed industry information exchange veteran and vice president of business services at WPC, a Nashville-based health IT consulting organization. Watkins is former co-founder, co-chair, and board member within WEDI, co-chair of the ASC X12 task group responsible for HIPAA adopted 4010 and 5010 standards and co-founder at Claredi (now Optum Insight), a HIPAA transaction solution company.

TIME/DATE: 8:30 – 9:30 a.m.; Saturday, June 7, 2014; New Orleans

REGISTER: To register, click here.

About WPC

WPC is a healthcare industry leader, providing world class consulting solutions and serving as the exclusive publisher of critical HIPAA implementation publications and related products. For the last 40 years, thousands of customers—including the largest firms in healthcare—have relied upon WPC’s expertise to solve their business problems. WPC provides technical, business process, and compliance solutions while focusing on improving quality, lowering costs, and optimizing performance for customers. Expertise includes: ICD-10, security and compliance, healthcare reform, revenue cycle management, and patient engagement strategies. For more information, visit wpc-services.com.



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