Easing Transition Problems from ICD-9 with Jvion’s Comprehensive ICD-10 Software

With the ICD-10 deadline of October 15, 2015 fast approaching, there is a lot of work to be done for many healthcare providers even though the date seems still far away.

All-Round Coverage

This deadline and conversion from ICD-9 to ICD-10 also covers healthcare providers, clearing houses, and other organizations which come under the Health Insurance Portability and Accountability Act or HIPAA umbrella.  Fortunately, organizations like Jvion LLC have come up with some exclusive ICD-10 software that will be very helpful in making the transition. There are individual programs available from Jvion that can take care of financial risk assessment like their Revcore software, RevWalk that gives hospital managers revenue neutral crosswalks, RevTrend that provides informative trends and analysis based on ICD-10 operations data.

Future Management

For healthcare providers who are interested in the whole package, Jvion has the ICD complete which eases the migration from ICD-9 to ICD-10 and continues to provide essential data even after the transition is complete. ICDcomplete is cloud-based software package which can be accessed through Jvion’s exclusive Bonobo Big Data platform and is the best software currently available in the market. It can forecast income and expenses through ICD-10 financial simulation using complicated algorithms. Other solutions that it can perform are to give hospital managements an idea of their expected revenue with the ICD-10 financial simulation program along with clinical documentation, dual coding, training facilities, etc. After the transition, ICDcomplete can provide live monitoring of reimbursements by analyzing key patterns and predicting any sudden upsurge.

Comprehensive Bespoke Software Solutions for Patient Disease Prediction from Jvion

The Patient Protection and Affordable Care Act which is also known as the Affordable Care Act came into existence in the United States of America by Federal statute on March 23, 2010.

Prevention and Care

Since this Act was endorsed, hospital and other healthcare providers were under a financial burden and remaining profitable would require drastic measures or good foresight. One of the best measures that could be put in place was patient disease prediction modeling. Using bespoke software, companies like Jvion LLC have come up with solutions like RevEgis, proprietary software that can provide patient-level predictions; predictive modeling for infections or diseases can make a massive improvement in clinical outcomes while reducing expenses. Data collected from past and current patients is stored in electronic records; it can help hospitals monitor for future prevention and care programs.

Prediction Software

Another drain on hospital income and revenue is the problem of a hospital acquired condition or infection. To this effect, Jvion LLC, a pioneering healthcare solutions provider, has introduced the RevEgis patient-phenotype big data solution. This software has proved beyond a shadow of doubt that with optimal data, it can help in predicting any hospital-acquired condition, which prevents patients from picking up infections and other problems when they come in for treatment as well as provide substantial savings for the management. Unwarranted additional hospital stay is not welcome by the patients as well as the hospital management as it results in tremendous wastage of resources and causes problems for patients.

There’s Much More To ICD 10 Revenue Neutrality Than Coding

The transition to ICD-10 will initially lead to a decrease in cash flow for healthcare organizations. Officials recommend that organizations be prepared and budget for as much as 40 percent more in outstanding payments. If you are prepared the chances of minimizing the impact is greater. The key is to gain the information you need to make income projections by having a clear picture of how you clinical activities related to ICD-10 codes. Accurate financial decisions need to be made in areas such as contracting, proposed ICD-10 reimbursements, Accountable Care Organization propositions and its rewards and risks, and more.

One of the important questions to answer is whether your current documentation is enough to gain ICD 10 Revenue Neutrality coding. Another factor is whether the diagnosis related group or DRG assignment of your visits will change under ICD-10.

Is Your Documentation Sufficient?

Payers are alleged to focus their efforts on ensuring ICD 10 Revenue Neutrality where every service provided before and after the deadline for ICD-10 conversion will offer the same reimbursement. However, it is essential to have the right documentation to be ICD10 Revenue Neutral. Providers ought to evaluate charts from their top outpatient diagnosis codes and diagnoses related groups. This must not only focus on coding but areas where documentation can impact the final diagnosis. Jvion RevCore makes ICD 10 Revenue Neutrality much easier to achieve.

The solution is designed to identify critical risk areas and develop a plan to mitigate those risk areas. A prominent Southeastern hospital used RevCore’s historical claims analysis to provide insights into the ICD-10 planning, training, mapping and conversion, and documentation activities that delivered most value for their organization.