Happy Friday! This week we hosted our annual ZirMed User Group (ZUG) in Chicago, and it was a smashing success! Check out the full wrap-up and if you weren’t able to attend, we hope to see you at ZUG16. And of course, cheers to everyone who was able to join us in Chicago for ZUG15!
Also this week, Crystal Ewing published an article in the ICD10 Monitor, “Y2K, ICD-10, and What Office SpaceGot Right.” If you’ve seen the movie Office Space, you probably remember how the main characters spent most of the film preparing banking software for Y2K, which sounds strangely familiar to what healthcare is going through today with ICD-10. Another great read from Crystal!
As we head into the homestretch of ICD-10 preparation, it’s more important than ever for providers and payers to ensure they are using every resource available to get ready for the new coding standards. To help organizations get ready, Healthcare IT News has released a helpful checklist of tips, tricks, and suggestions, ranging from prepping internal systems to training staff one last time before the switch. By making sure they’re ready for ICD-10, physicians and coders can alleviate the stress and challenges that accompany a shift of this magnitude.
Finally, in an interview with Becker’s Hospital CFO, Andrew Ray, the Director of Professional Revenue Cycle at our client, Stanford Children’s Health, recounts how the organization created an in-house claims management system and notes the benefits of the new approach. After deciding to stop outsourcing its denials oversight program, Stanford Children’s Health has begun noticing several improvements in its revenue cycle process, including a boost from 70 to 90 percent of payments received within 45 days and an overall cost reduction of 50 percent.