Award-Winning Health System to Predict Forthcoming ICD-10 Operational and Financial Impacts Using MedeAnalytics
Emeryville, Calif., December 17, 2013 – MedeAnalytics today announced that Fairview Health Services, a 1500+ bed nonprofit health system based in Minneapolis, has implemented MedeAnalytics’ ICD-10 Intelligence solution across its six hospitals and affiliated physician groups. Leveraging MedeAnalytics’ robust technology platform, the ICD-10 Intelligence solution will help Fairview analyze their current patient data and provide insight into potential financial and operational impacts of the transition to ICD-10.
MedeAnalytics’ ICD-10 Intelligence solution helps hospitals and health systems maximize resources and monitor progress throughout the transition from ICD-9 to ICD-10 by providing a deep, data-driven look at the upcoming changes that organizations will experience in the transition to ICD-10. Fairview can now effectively evaluate salient trends in reimbursement shifts, coding and documentation performance – both now and after the transition – and modify their processes accordingly.
“The increase in coding specificity with ICD-10 poses a huge risk for health systems,” said Andrew Hurd, MedeAnalytics Chairman and CEO. “Minimizing the risk and effects of this major conversion is top of mind for many health system leaders and having the ability to identify and prioritize target areas, as well as prepare staff, is critical for a smooth transition.”
MedeAnalytics’ ICD-10 Intelligence solution draws from the knowledge of expert coders who identified the new documentation requirements for all 140,000+ codes under ICD-10. Powered by the MedeAnalytics technology platform, the solution applies that logic to a health system’s data and ICD-10 General Equivalence Mapping (GEM) to quickly focus a health system’s training efforts. This enables health systems to reduce undercoding caused by documentation issues, decrease ICD-10 related denials and associate rework or audit takebacks, increase physician and coder productivity and estimate revenue at risk from MS-DRG changes. A dedicated implementation training team of MedeAnalytics subject matter experts ensures that each health system navigates through the implementation process with ease and efficiency.
Founded in 1994, MedeAnalytics delivers performance management solutions that help hospitals, physician practices and health plans aggregate, analyze and draw insights from data – including revenue cycle management, population health and clinical intelligence – to ensure accountability and improve financial, operational and clinical outcomes. For more information, visit www.medeanalytics.com.