ICD-10 represents approximately 68,000 codes–an increase of about 54,000 codes! As you make the transition, we don’t want code compliance or the worry of cash flow delays to take away from caring for your patients. That’s why we’ve created the NextGen Healthcare ICD-10 Guarantee. In establishing our NextGen Healthcare ICD-10 Guarantee, we looked at the ICD-10 transition not just as a need to prepare for coding issues but as a need to examine the entire revenue cycle in order to manage the financial risks. Our goal is to ensure you are paid for what you do, without bearing all the risk of reimbursement and regulatory changes on your own. We guarantee we are ICD-10 ready and you will be too.
What is the NextGen Healthcare ICD-10 Guarantee? We guarantee that for any provider who enters into an initial agreement for the provision of NextGen RCM Services by June 30, 2015 (July 31 if you are an existing NextGen Healthcare ambulatory client) and goes live by September 30, 2015 on those services using NextGen® software v5.8, UD10 or higher*, we’ll be ICD-10 ready and if we’re not, we will defer your RCM service fees. With our software and revenue cycle management services ICD-10 ready, you won’t experience a disruption to cash flow. For more information, let us answer your frequently asked questions about the NextGen Healthcare ICD-10 Guarantee.
With the ICD-10 deadline less than six months away, I encourage you to take advantage of our NextGen Healthcare ICD-10 Guarantee.
To get started on the right path for ICD-10, from a revenue cycle management perspective, practices need to focus on training, testing, and reviewing workflows. Three other areas to focus on that will enhance your financial success and ensure a steady cash flow:
- Adopt best practices and procedures to ensure your cash flow is optimized. Download the eBook “Seven Revenue driving Best Practices”
- Take steps to ensure you are collecting all patient copays and deductibles in a timely manner. Download the eBook “Optimizing Patient Collections”
- Work smarter and more efficiently by taking full advantage of the technology and automation resources available to automate your processes, ensuring your practice has lower denials and is receiving every dollar earned. Read “Automate your claims editing…or lose money”