ICD-10 Cash Flow Tips - Wells Fargo

Source: ICD-10 Transition

How should we prepare for ICD-10 cash flow delays? Healthcare providers can best prepare for anticipated cash flow delays by beginning to plan now. Some areas to consider include, but may not be limited to:

  • Focus on expenses
  • Renegotiate terms with major suppliers to create a more balanced payment schedule over time
  • Identify and implement other cost saving measures in advance of October 2013
  • Aggressively manage inventory levels to avoid expensive overstock costs
  • Reduce other administrative overhead where possible
More Information: /files/HIMSSorg/content/files/FAQsUpdated.pdf