Steve Finch, director of Revenue Cycle for QHR Consulting Services said, "QHR and Kforce helped the hospital’s management team prioritize and plan for the significant ICD-10 implementation—among the hospital’s other equally important initiatives."
Brentwood, Tenn. (PRWEB) September 06, 2012
The Department of Health and Human Services’ final ICD-10 implementation deadline of Oct. 1, 2014 signals hospitals to make certain ICD-10 conversions do not disrupt operations or financials. QHR Consulting Services (QHR) and Kforce Healthcare Solutions (Kforce) have identified unforeseen impacts of an ICD-10 transition for both a 350-bed medical center in Colorado and for a 300-bed hospital system in South Carolina.
The South Carolina system and the Colorado hospital engaged QHR and Kforce to perform a comprehensive ICD-10 readiness assessment to determine time, budget and resources required for the planning, preparation and ICD-10 implementation phases. The results of the assessment provided the hospitals with unique ICD-10 implementation roadmaps to identify cost implications, productivity loss and staffing gaps.
Steve Finch, director of Revenue Cycle for QHR Consulting Services, noted that one of the major findings of the Colorado project was that the ICD-10 conversion would require the hospital to invest over 35,000 hours through the end of 2013 to implement all required tasks and activities. “With this valuable information, QHR and Kforce helped the hospital’s management team prioritize and plan for the significant ICD-10 implementation—among the hospital’s other equally important initiatives.”
“Talent and time are running out for ICD-10 implementation and we have found that many healthcare facilities are not thoroughly prepared for the challenges associated with an ICD-10 transition,” said Keith Fulmer, Kforce Healthcare Solutions Executive Vice President. “Leveraging Kforce and QHR’s ICD-10 assessments, facilities can gauge the readiness for their technology, HIM, revenue cycle, clinical documentation and finance departments for ICD-10 implementation.”
QHR and Kforce’s assessments and implementation roadmaps will be critical components in helping the hospitals achieve smooth transitions to ICD-10. The Colorado hospital’s executive noted, “Our ICD-10 consulting engagement with QHR and Kforce provided our hospital with the tools and resources needed to prepare for the mandatory conversion in 2014.”
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.