How Should Small Hospitals Prepare for ICD-10?

Because small hospitals and critical access hospitals have tighter budgets and more susceptible budget risks, ICD-10 could pose challenges unless the hospital makes the right preparations, according to an article from staffing and solutions firm Kforce.

Kforce recommends small hospitals and CAHs take the following approaches as they prepare for the transition to ICD-10.

1. Perform an ICD-10 assessment.
ICD-10 could have extensive impacts on a small hospital's facility and operations, but a thorough assessment will identify risks and opportunities within five key areas: operations, information technology, education, finance/revenue cycle and governance.

2. Form ICD-10 steering committee. An ICD-10 implementation plan is nothing without people to lead it. A dedicated ICD-10 steering committee will establish timelines and direction to the project, and it should also lead budgeting decisions, according to the article.

More Articles on ICD-10:

CMS Seeks Comment on Proposed ICD-10 Readiness Assessment

13 Questions Hospitals Should Ask About ICD-10 and Medical Necessity

On the Coding Radar: 3 Reasons Why Hospital CEOs Must Pay Attention to ICD-10

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