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PULSE SYSTEMS
B R O U G H T T O Y O U B Y:
ICD-10: Are you Ready?
Our team of experts are here
to complete the puzzle
of ICD-10 readiness
Pulse was the first health information technology company in the nation to show
ICD-10 functionality in Practice Management and Complete EHR Solutions on
August 7, 2013. Since then, we have been making improvements every day so you
can forget the fear and panic. Our 100% U.S. based team of service experts are here
to help you. We care for your practice as if it were our own.
BY SHELLY K. SCHWARTZ
ICD- 10
ON YOUR
PRACTICE
BUDGET
Youve budgeted for training and
software upgrades, but there are less
tangible costs attributed to the ICD-10
transition. Heres how to prepare.
BY AVERY HURT few months of ICD-10, said Ken rejected claims and productivity
Youve probably been warned Bradley vice president of strategic losses that will be a big part of
to expect a mess when ICD-10 planning and regulatory compliance practice expenses, after the Oct. 1
goes live this October. Whether or at Navicure, a medical claims clear- go-live date.
not such claims are exaggerated, inghouse. This could be disastrous Many practices have arranged for
you can take steps to make sure for small practices or for those a line of credit to see them through,
the effects on your bottom line operating a very tight margin. but there are other ways to prepare
are minimal. Everyone knows their practice for a potential revenue shortfall.
The most obvious costs associ- needs to put some money aside to Bradley suggested building up cash
ated with implementing the new cover extra expenses and shortfalls reserves by paying for large pur-
ICD-10 coding system are for in payments. But how much to bud- chases on payment plans and delay-
training, software upgrades, and, get is a trickier question. Training ing new purchases when possible.
in some cases, the purchase of new and IT purchases are expenses you This is also an excellent time,
hardware. There are other, less tan- already know about. What practic- he said, to manage your accounts
gible costs, and those are the ones es really need to know is how much receivables as aggressively as pos-
that inspire fear, because it is hard cash to have at the ready during the sible. Whatever you do, you need to
to know exactly what to expect and first few months after implementing start now.
how much to budget for. the ICD-10 coding system. Perhaps Practices that are well-prepared
The two biggest intangible costs the best strategy is to have three will be in better shape come Octo-
will come [after implementation] from months to six months of operating ber, said Lance, but it is going to
lost productivity and denied or de- cash set aside, or available in the be hard to address this if you start
layed claims due to coding mistakes, form of a line of credit, said Brad- in September. n
said Fletcher Lance, vice president and ley. Even that is a big range.
national healthcare leader at consult- You can get a clearer idea of how Avery Hurt is a freelance writer
ing firm North Highland. much you will need by making an based in Birmingham, Ala. Her
There could be glitches on the honest evaluation of your prepa- work has appeared in publications
payers end as well. Some experts ration for conversion to ICD-10. including Newsweek, The New
have warned providers to expect The more prepared you are for the Physician, Muse, Parents, USA
anywhere from a 50-percent to new system, the less money you are Today, and The Washington Post.
200-percent increase in queries and likely to need. Faster, more accurate She can be contacted at editor@
denials from payers during the first coding will reduce the number of physicianspractice.com.
company to demonstrate what looks like and 8. Will your EHR and
ICD-10 looks like and how it how it functions PM systems support
functions in real EHR and PM
software solutions. Pulse launched in real EHR and both ICD-9 and
its ICD-10 Complete EHR and PM software ICD-10 codes?
PM demonstration at the MGMA
tradeshow on Oct. 6, 2013. solutions. Yes, Pulse EHR and PM systems
support ICD-9 and ICD-10
codes, both now and beyond
3. Will your EHR and the compliancy date. This is
PM solutions be able to 5. Am I going to be able important because dual com-
fully support ICD-10? to use the same tem- patibility of ICD-10 is required
Yes, all of Pulses fully-integrated plates and content that since not all insurance will be
forced to submit ICD-10 coding.
EHR and PM systems are already I currently have or will
An example of this is Workers
compliant well before the deadline. I need to re-customize Compensation.
them for all the new ICD-
4. Is your software 10 compliant software?
going to run on the
Pulse clients can use their
same platform and data- existing templates and content.
base that we are cur- There is no need to re-customize
rently using or is a new templates for Pulses ICD-10
one going to be used? compliant software.
12 PHYSICIANS PRACTICE BROUGHT TO YOU BY PULSE SYSTEMS
CONTENT PROVIDED BY PULSE SYSTEMS
Many RCM vendors wont work a claim past the point of a denial, sending the work back
to the practice. Our full scope revenue services covers claim denials and coding mishaps,
cutting your in-house administrative costs. At Pulse, we dont stop working on a claim until
you get paid. We collect our service fee as a percentage of the money you makenothing
more, nothing less. You wont find hidden fees or increased costs in our contracts.
Denials
Follow up And reSolVe clAiM deniAlS to
the AppeAl leVel
Coding
cpc coderS reView And code
encounterS For AccurAcy
Payment Posting
poSt MAnuAl And electronic pAyMentS
or AdJuStMentS per the eoB
Charge Entry
dAily entry oF All chArGeS
Reporting
BoArdrooM reAdy FlASh reportS
proVided Monthly
Completely thorough, completely transparent. At Pulse, we care for your practice as if it were
our own. Our U.S. based Revenue Cycle Management Team focuses on the financial functions
of your practice, so you can focus on delivering quality healthcare. Some medical
practices have reduced their days in A/R by 30% by switching to Pulse RCM Services.
Call us at 1.800.444.0882 x3 or visit www.pulseinc.com.