ICD-10 Financial Risk Calculator: Initial Trends and Findings

Assumptions and conclusions based on this report should be avoided. Use of this information is strictly prohibited unless explicitly permitted by HIMSS and the ICD-10 PlayBook. In July 2012, the HIMSS ICD-10 PlayBook launched the ICD-10 Financial Risk Calculator. This self-assessment tool helps providers identify gaps that leave them vulnerable to ICD-10’s financial impact and provides guidance on how to mitigate potential risks. Juliet Santos, HIMSS Senior Director, explained: “When we started this project, providers were still relatively under-educated about ICD-10’s inherent revenue effects. The calculator provides a platform to inform and equip providers with individualized financial risk information that will help them avoid potential negative reimbursement shifts.”

To develop the tool, a subcommittee, led by ICD-10 Task Force members from the Atlanta-based team at Jvion, was assembled. Their goal was to develop a free, easy-to-use, and interactive tool that would help ICD-10 PlayBook visitors:

  • Determine their organizational ICD-10 financial risk profile
  • Understand their relative risk profile compared to similar organizations
  • Identify the initial steps needed to start mitigating financial risk
Attachment: HIMSS ICD-10 PlayBook ICD-10 Financial Risk Calculator


Advertisement
Advertisement