The healthcare industry has reached an inflection point. Advances in medicine and the efforts to deliver effective care through those advances have led to rapidly escalating costs within the industry. However, initiatives such as the implementation of ICD-10 and healthcare reforms that will follow (EHR adoption, better fraud and abuse monitoring, pay-for-performance, etc.) will serve as key enablers for increasing efficiency and lowering costs within the healthcare industry and offer an opportunity for health plans to gain a competitive advantage.
The implementation of ICD-10 code sets mandated by the Department of Health and Human Services (HHS) represents sweeping change for the healthcare industry. Payers and providers should be well underway with their compliance efforts. The earliest expected compliance date for ICD-10 is October 1, 2015. Payers and providers that further delay their remediation efforts may find their organizations facing a serious financial impact.
TMF is offering ICD-10 Re-Engagement and Post-Compliance services for health plans and providers needing to complete ICD-10 remediation efforts and to capitalize on those efforts in 2016 and beyond. TMF has a flexible pricing and delivery model that was designed to accommodate varying levels of preparedness among health plans and providers.
TM Floyd & Company has been providing information technology services to payers and providers for more than 30 years. We have been at the leading edge of HIPAA compliance efforts for our clients and are committed to driving their compliance efforts for the Transactions and Code Sets rule. We offer a set of ICD-10 services designed to not only achieve basic compliance but also to approach ICD-10 compliance as an opportunity for gaining a sustainable competitive advantage.