GE Centricity focuses on ICD-10 compliance
GE Healthcare IT unveiled steps it is taking to assist customers in the transition to ICD-10, which will require system and business changes throughout the healthcare industry, at this week’s Medical Group Management Association (MGMA) meeting in New Orleans.
By Oct. 1, 2013, all physicians in the U.S. will be required to shift to World Health Organization ICD-10 coding standards mandated by the Centers for Medicare & Medicaid Services (CMS).
ICD-10 legislative changes will affect coding for everyone covered by the HIPAA, not just those who submit Medicare claims.
Industry advisors are predicting the transition will be more disruptive to IT environments than Y2K compliance and are estimating three-plus years for providers to implement, at costs well over $2 million for large practices and hospitals. The effect on revenue cycle management processes is also projected to be significant, according to GE. This upgrade also will impact coding, as well as up to 20 other applications.
GE will have a variety of services and tools designed to assist with assessment and compliance. The company is currently planning releases with the necessary upgrades to support ICD-10 well in advance of the October 2013 deadline. Centricity Business 5.0, which is designed to support ICD-10 requirements, is currently scheduled for beta release in November and general release in the second quarter of 2011.
For all Centricity Business customers on release 4.0 and 4.3, an upgrade is expected to be available in the fourth quarter of 2011.
By Oct. 1, 2013, all physicians in the U.S. will be required to shift to World Health Organization ICD-10 coding standards mandated by the Centers for Medicare & Medicaid Services (CMS).
ICD-10 legislative changes will affect coding for everyone covered by the HIPAA, not just those who submit Medicare claims.
Industry advisors are predicting the transition will be more disruptive to IT environments than Y2K compliance and are estimating three-plus years for providers to implement, at costs well over $2 million for large practices and hospitals. The effect on revenue cycle management processes is also projected to be significant, according to GE. This upgrade also will impact coding, as well as up to 20 other applications.
GE will have a variety of services and tools designed to assist with assessment and compliance. The company is currently planning releases with the necessary upgrades to support ICD-10 well in advance of the October 2013 deadline. Centricity Business 5.0, which is designed to support ICD-10 requirements, is currently scheduled for beta release in November and general release in the second quarter of 2011.
For all Centricity Business customers on release 4.0 and 4.3, an upgrade is expected to be available in the fourth quarter of 2011.