Understanding ICD-10 impacts is only half the battle; monitoring your ongoing performance using comprehensive, granular analytics will enable ongoing revenue cycle enhancements and risk reduction
One of the best ways to avoid ICD-10 impacts is to find improvement opportunities in today’s coding practices. RevTrend provides extensive analytic capabilities to measure current day coding effectiveness and provide insights into the activities that will help you achieve revenue optimization.
RevTrend provides extensive data analytic capabilities to identify areas of coding opportunity today as well as potential risks resulting from the move to ICD-10. Using 837/835 claims information, RevTrend delivers batch and real time views into risks and potential reimbursement impacts down to the encounter level. This visibility extends into potential denial rates and helps determines financial variation and risk information. However, RevTrend is not limited to solely reimbursement trends. It also provides:
Using Jvion’s RevTrend, providers can efficiently monitor the effectiveness of current coding practices while also assessing ICD-10 related revenue risks. The entire approach is based on the idea of continual improvement. Because of the detail delivered, an organization can quickly see where there are operational and clinical documentation opportunities and turn those insights into meaningful action. The result is an analytic solution that provides peace of mind and:
We recognize that the best way to avoid the potential cash flow and productivity impacts resulting from ICD-10 is to build your cash and capability while in ICD-9. Having a tool like RevTrend, which delivers critical assistance, is essential to monitoring and preventing the extended AR cycles and increased denials that will be a reality in a post-ICD-10 world while delivering immediate value and return in today’s world.