Our clients are finding that with fewer resources and in a shorter timeline, they can achieve the same if not more risk mitigation to their reimbursements and AR cycle.
Atlanta, GA (PRWEB) May 24, 2012
Jvion, a healthcare consultancy focused on compliance solutions, released it latest whitepaper "A Targeted, Revenue-focused Approach to ICD-10—how hospitals can address more of ICD-10’s financial risk with less." In it, they examine the importance of taking a revenue-focused approach to the ICD-10 conversion to help mitigate risk and prioritize conversion efforts.
Surya Vadlamani, Jvion’s CIO, explained that, “most organizations do not have a detailed understanding of the exact impact that ICD-10 will have to their revenues. Without this kind of insight, it is impossible to predict the operational and financial impacts of the mandated conversion.”
Within the whitepaper, Jvion provides a detailed explanation of the critical activities that an organization must do to ensure that financial risk is the key driver behind conversion and prioritization activities. They also discuss how these activities intersect with the key levers that influence financial performance including cash flow, operational costs, and revenues.
Surya went on to say that, ”We have already seen how taking a revenue-focus can enable a hospital to do more with less. Through our approach, which includes a 12-24 month historical claims analysis, our clients are finding that with fewer resources and in a shorter timeline, they can achieve the same if not more risk mitigation to their reimbursements and AR cycle. We captured those lessons learned and are excited to share them with the broader hospital community.”
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. For more information, please visit our company website at http://www.jvion.com.