Selecting the Right ICD-10 Financial Risk Assessment Provider

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Recognizing the increased interest in ICD-10 financial risk assessments, Jvion and HIMSS published guidance for providers on how to select the right vendor. The article provides the detailed steps that an organization should take from initial vendor vetting through a Request for Proposal (RFP) including sample vendor questions.

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This article will help organizations quickly assess and select their ICD-10 financial risk assessment provider so that they are prepared for and can mitigate ICD-10’s potential reimbursement impacts.

With activity around ICD-10 gearing up, providers are looking for ICD-10 financial risk assessment services as a precursor or part of their overall assessment activities. But ICD-10 financial risk assessments are relatively new in the market making it hard to find, evaluate, and select the right vendor.

In "A Provider’s Guide to Developing an ICD-10 Financial Risk Assessment Request for Proposal" Jvion and HIMSS deliver recommendations on how to effectively choose an ICD-10 financial risk assessment vendor. These steps cover four broad areas in the selection process:

  •     Understanding what an ICD-10 financial risk assessment is, what it delivers, and who the key players are in the market
  •     Establishing ICD-10 financial risk assessment objectives
  •     Understanding the outputs of an ICD-10 financial risk assessment and how they align to an organization’s objectives
  •     Understanding who needs to be involved in issuing and evaluating an ICD-10 financial risk assessment RFP

Included in the article is a list of sample vendor questions/requirements broken out by topic.

“We wanted to address a gap in the industry,” explained Dr. Steven Gerst—Jvion Chief Medical Officer and one of the article’s co-authors. “It is hard to evaluate any new offering. And with ICD-10, providers are anxious to get their assessment and conversion efforts underway. This article will help organizations quickly assess and select their ICD-10 financial risk assessment provider so that they are prepared for and can mitigate ICD-10’s potential reimbursement impacts.”

About Jvion
Jvion is a 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. Please visit Jvion’s website at http://www.jvion.com for more information.

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Allison Alavi
Jvion
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