Today, RelayHealth Financial released its ICD-10 claims volume numbers, and the results are impressive: $13 million claims worth more than $25 billion processed. With a rise in claims, the industry must focus on addressing the next hurdle: ensuring timely and correct reimbursement. To monitor those KPIs that are most likely impacted by ICD-10, many providers are monitoring ICD10Central.com.
“From having our entire portfolio ready a full two years before the deadline to our comprehensive testing program and, most recently, the introduction of ICD-10 Central’s real-time analytics dashboard, RelayHealth Financial has led the industry with investments to help ensure a smooth transition for providers,” said Joshua Berman, ICD-10 Lead for RelayHealth Financial. “Claims are flowing successfully, and now the industry must be ready to tackle the next set of challenges: timely and correct reimbursement. As always, RelayHealth is ready to help its customers build on their ICD-10 successes.”
Providers can monitor critical industry KPIs affected by ICD-10 on RelayHealth Financial’s real-time analytics dashboard at ICD10Central.com. Among these metrics, Berman notes that Days to Final Bill is important to keep an eye on, as it indicates whether providers are generating claims using ICD-10 as efficiently as they did using ICD-9. This number could drop, but should rebound once providers gain proficiency in using ICD-10. If the number dips and does not rebound, urgent attention is required, Berman said.