Atlanta, GA (PRWEB) June 14, 2012
As a follow up to their recent whitepaper "A Targeted, Revenue-focused Approach to ICD-10," Jvion released their ICD-10 Financial Risk Map—a summary of the steps a provider can take to avoid ICD-10’s potential negative financial impacts.
Surya Vadlamani, Jvion’s CIO, commented that, “the financial risk map provides real, actionable ways a provider can mitigate ICD-10’s potential negative reimbursement impacts. It helps organizations take a revenue-focused approach, which will enable them to better prioritize ICD-10 conversion activities and mitigate revenue risk with fewer resources.”
The map is organized into three main financial levers: cash flow, operational cost, and revenue. Mitigating actions are provided across six key areas that include business involvement, leadership support, strategy, performance measures, prioritization enablement, and vendor focus.
“If a provider follows the recommendations made within the map, they will effectively make revenue the main driver behind all ICD-10 conversion activities,” explained Surya. “Too often, organizations think they have a revenue focus, but they haven’t performed the steps necessary to address financial impacts. This map is a starting point for providers who want to become more revenue-focused, mitigate their financial risk, and drive revenue neutrality throughout their ICD-10 conversion.
For more information on the ICD-10 Financial Risk Map or any of Jvion’s ICD-10 services, please visit http://www.jvion.com.
Jvion LLC (Jvion) is a privately held healthcare compliance technology and services organization with a full suite of tools to enable the ICD-10 conversion. The company serves providers and payers in all phases of the ICD-10 conversion process with a simple value proposition—by using Jvion’s tools and solutions, organizations can do more to reduce cost, mitigate risk, and optimize reimbursements with fewer resources and in a shorter time line.