The Readiness Package is designed to mitigate financial risk, remediate clinical and IT systems, and ensure systems are performing optimally post go-live
Wolters Kluwer, a leading global provider of information for healthcare professionals and students, announced today that its ICD-10 Readiness Package is available to payers and providers to meet the fast approaching October 2015 deadline. Offered through its Health Language® family of products, the Readiness Package is designed to mitigate financial risk, remediate clinical and IT systems, and ensure systems are performing optimally post go-live across the customer's enterprise.
"With more than a decade of international ICD-10 experience under our belt and the software, content and services offered via our Health Language terminology management portfolio, we are in a unique position to help healthcare organizations cross the ICD-10 finish line successfully," said Leo Barbaro, Vice President & General Manager, Clinical Terminologies and Surveillance, Wolters Kluwer Health, Clinical Solutions. "As the reality of the 2015 transition deadline comes into focus, it is our goal to help payers and providers speed readiness strategies by equipping clinical, financial and IT teams with the tools and knowledge needed to best position for the future."
The ICD-10 Readiness Package addresses three key areas critical to ensuring a successful transition:
- Mitigate Financial Risk: Driven by the Health Language claims analytics methodology, the readiness solution simulates ICD-10 claims to identify priority areas for clinical documentation improvement strategies, dual coding, and chart review activities prior to the transition.
- Remediation of Clinical and IT Systems: List mapping and testing services are targeted to establish a pragmatic approach for remediating systems that currently rely on ICD-9 codes – including pick lists, superbills, decision support systems, quality measures, medical policies, and claims adjudication systems.
- Post Go-Live Checkup: An ICD-10 financial analysis check-up conducted after October 2015 ensures that remediation plans are working as planned. By analyzing newly created ICD-10 claims, organizations can assess the effectiveness of their clinical documentation improvement programs, remediation of their longitudinal reports and analytics, as well as highlighting any outstanding financial risks as a result of the new coding system.
The pending ICD-10 transition deadline presents a significant challenge for healthcare organizations. With less than five months left to execute transition strategies, organizations will need to take the necessary steps to protect the integrity of their revenue cycle. Providers will need to ensure clinicians are capturing the required specificity, while maintaining coder productivity and accuracy. Payers will need to minimize over-payments and denials by ensuring their claims processing systems are properly remediated to accept the new coding system beginning October 2015.
About Wolters Kluwer
Wolters Kluwer is a global leader in professional information services. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance and healthcare rely on Wolters Kluwer's market leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer reported 2014 annual revenues of €3.7 billion. The group serves customers in over 170 countries, and employs over 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on NYSE Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
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