New York, NY (Vocus) September 30, 2010
On October 6th, 2010, Headstrong will conduct a webinar on the latest compliances within the Payers industry in the US. The webinar title is ‘ICD 10 – A Strategic Approach for Payer Compliance’. It will bring forth the inherent challenges & the possible impact on the key business processes that Payers are expected to face while dealing with the mandate to comply with ANSI 5010 and ICD 10.
The mandate to comply with ANSI 5010 and ICD-10 is the most significant change in standard healthcare coding systems in decades. Nearly all of a Payer’s key business processes will be impacted by the adoption of 5010 & ICD-10. Delaying or incorrect migration opens up the possibilities of:
- Missed claims payments due to system errors
- Increase in customer service calls regarding rates, enrollment and billing
- Competitive threat of other insurers using ICD-10 to their advantage (better healthcare management, simplified and more granular benefit design, etc.)
Craig Penrose and Vinay Nadig will discuss the challenges facing payer’s during this large transformative implementation and how the Headstrong Solution Approach helps Payers plan the entire migration cycle and implement the migration in an iterative, non-intrusive manner.
Headstrong will also discuss a proprietary ICD 9 to 10 GEM tool, which enables users to perform equivalence mapping between ICD 9 and 10 codes and select the appropriate ones applicable in their scenario. The mapping is based on CMS defined rules and can be integrated in any existing application as a plug-in module.
Benefits of engaging with Headstrong:
- Turns a mandated implementation into a strategic opportunity for innovation
- Provides an optimized cost model using a global delivery model
- Maximizes Payer productivity by leveraging compliance experience
- Enables a risk-managed approach to "transforming while performing"
About the speaker
Vinay Nadig is Principal, Healthcare practice at Headstrong. In this capacity he is responsible for developing new services, taking them to the market and helping firms to respond to the healthcare reform and compliance mandates in a time and cost effective manner. Vinay has over two decades of experience in the healthcare space and specializes in guiding large healthcare organizations to increase productivity and efficiency by reducing costs.
Craig Penrose has developed the ICD-10 services offered through FlexTech. He manages the business, technical and clinical staff for ICD-10 and 5010 services. He has served as both PM and SME for several ICD-10 Assessments offered through FlexTech, channel partners and vendor partners. Craig served as the internal Project Manager for the development of HIPAA Monitor, FlexTech’s web-based HIPAA assessment tool. He is actively involved with both the development and service offerings of the FlexTech HIPAA Consulting Team, and has led HIPAA gap analysis teams at several client sites.
Webinar Details –
Cost – Free, prior registration required
Date – Wednesday, 6th October, 2010
Time – 11:00 AM – 12:00 PM (EST)
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