QHR Consulting Services and KForce White Paper Identifies Unanticipated Impacts on Hospitals Undergoing ICD-10 Conversion

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A white paper developed by QHR Consulting Services (QHR) and Kforce Healthcare Solutions has outlined in-depth and unforeseen impacts of an ICD-9 to ICD-10 transition for a 350 bed medical center in Colorado.

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A white paper developed by QHR Consulting Services (QHR) and Kforce Healthcare Solutions has outlined in-depth and unforeseen impacts of an ICD-9 to ICD-10 transition for a 350 bed medical center in Colorado.

The medical center engaged QHR and Kforce to perform a comprehensive ICD-10 readiness assessment to identify time, budget and resources required for the planning, preparation and ICD-10 implementation phases. Through the assessment effort, QHR and Kforce evaluated the medical center’s systems, tools and vendor relationships and identified how the conversion to ICD-10 would impact the medical center’s finance, technology and health information management operations, which included the revenue cycle.

J. Talbot Land, Revenue Cycle Practice Leader for QHR Consulting Services, noted that one of the major findings of the project was that the ICD-10 conversion would require the medical center to invest over 35,000 hours through the end of 2013 to implement all required tasks and activities: “With this valuable information, QHR/Kforce was able to help the medical center management prioritize and plan for the significant ICD-10 implementation -- among other competing medical center initiatives.”

“Talent and time are still running out for ICD-10 implementation—even with a potential extension of the implementation deadline, hospitals need to develop their ICD-10 remediation plan now so they can understand the resources they will need to meet the new deadline,” said Keith Fulmer, Kforce Healthcare Solutions Vice President. “Our experience shows that many healthcare facilities are not fully prepared for the scope, cost, and staffing challenges of an ICD-10 conversion. To help this hospital plan ahead, we conducted an in depth assessment of technology, HIM, revenue cycle, clinical documentation and finance and ultimately identified critical challenges that could result in lost revenue, reimbursement and reduced quality.”

While the medical center estimated only six IT systems would be affected by an ICD-10 transition, 27 systems needing remediation were identified in the project. Additionally, more than one thousand hospital employees and community physicians would require training for the ICD-10 transition.

The executives of the medical center supported the findings of the ICD-10 readiness assessment report from QHR Consulting Services and Kforce, and were delighted to have an accurate roadmap and budget for the facility’s ICD-10 transition. The medical center’s executive noted, “Our ICD-10 consulting engagement with QHR and Kforce has helped position our hospital with the tools needed to prepare for the mandatory conversion in 2013.” Mr. Land and Mr. Fulmer will present “Know what you don't know, leveraging an assessment to build a remediation plan” at the upcoming HIMSS conference on Tuesday, February 21 at 4:15 p.m.

QHR Consulting Services and Kforce can help healthcare facilities understand the systems, training and ICD-10 staffing support that will likely be necessary for a successful ICD-10 implementation.

Read the ICD-10 White Paper

About QHR
QHR (Quorum Health Resources) has provided consulting, management and education resources to hospitals and health systems for three decades. QHR is the market leader in hospital management, with nearly 150 current multi-year clients across the U.S. As a consulting resource, QHR is the seventh largest healthcare management consulting firms in the U.S., and the QHR Learning Institute reaches more than 10,000 healthcare professionals each year. For more information, go to http://www.qhr.com.

About Kforce Healthcare Solutions
Kforce Healthcare Solutions is a division of Kforce Inc. (NASDAQ: KFRC), a $1 billion professional staffing and solutions firm founded in 1962. We work with healthcare providers across the U.S., many of which are among the nation’s top Honor Roll Hospitals. We operate in more than 60 offices throughout the United States and one office in the Philippines. Backed by our associates and consultants on assignment, Kforce is committed to “Great People = Great Results” for our valued clients and candidates. For more information, visit http://www.kforce.com/Healthcare-Solutions.

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions and growth in the staffing industry and general economy; competitive factors, risks due to shifts in the market demand, including, without limitation, shifts in demand for our Technology, Finance and Accounting, Health and Life Sciences and Government Solutions segments, as well as the market for search and flexible staffing assignments; changes in the service mix; ability of the Firm to complete acquisitions; and the risk factors listed from time to time in the Firm’s reports filed with the Securities and Exchange Commission, as well as assumptions regarding the foregoing. In particular, there can be no assurance that we will continue to increase our market share, successfully manage risks to our revenue stream and successfully put into place the people and processes that will create future success. The words “should,” “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan” and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. The Firm undertakes no obligation to publicly update or revise any forward-looking statements. As a result, such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.

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Nicole Mostaccio
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