ICD-10 Fast-Track Compliance by Mike Magliaro
This Week’s Major Topics
- The Rising Tide of ICD-10 Planning and Readiness Status
- The Value of Coaching – What Can You Expect?
- Key for the Week: Provider and Payer Interaction on ICD 10 Approach, Timetables and Reimbursement
- Coming Soon in Our Coaching Sessions
ICD-10 Planning and Readiness Status – the Tide IS Rising
This past Friday, June 26, 2015, I presented the second in a four-part series of webinars sponsored by HFMA NCAL Region 11 on ICD-10 Fast-Track Compliance:
Part 2: The ICD-10 Operational Review and Readiness Assessment – Developing the Plan for Moving to Compliance and Industry Best Practices.
The recordings will be available shortly, so stay tuned and keep watching our weekly emails.
The most important change in industry behavior that I’ve seen in recent surveys and even in our own polling during our webinars is the significant shift toward being ready for ICD-10.
The tide is turning as I’ve found over 50% of respondents have either completed, mostly completed or are well into their planning stages for ICD-10 readiness. With less than 100 days before the “Go Live” date, this is a good sign – the tide is finally rising!
That rising tide (and the number of requests I had for more interactive training) is a major reason I now offer Weekly One-hour Small Group Coaching Sessions for ICD-10 Transition, Two-hour Small Group Compliance Readiness Assessment Sessions, and Four-Hour Small Group Compliance Walk-Thru & Workshops. To make sure you can get individual attention, we’ve limited the group sizes, so be sure to sign up soon, to save your seat!
Complete details and links to save your seat are here.
Do You Really Need Coaching and Does Coaching Help?
Ninety-six percent (96%) of responding provider attendees report discovering missing key tasks in the planning process, surfaced in these coaching sessions. Almost all responding attendees also report that they get confirmation that they are headed in the right direction in their planning efforts – which often makes them look good to their bosses, as well! Who doesn’t like to hear confirmation from outside your organization that you are “doing it right”?
The key topic most often reported in the past two weeks as something needing to be added to their readiness plan is working with all their Payers, beyond the question, “Are you ready to take ICD-10?”
Key for the Week: Understanding Payer Readiness Status and Approach toward Reimbursement
The key topic so far involves a provider not understanding where payers are in the ICD-10 planning process, these payers’ approach to reimbursement Post-October 1, 2015, and how providers should be interacting with payers. While this revelation could create a great deal of unnecessary stress and fear over potential cash disruptions occurring after the October 1, 2015 fully effective date, I have provided plans to simply and effectively deal with this issue, during our coaching sessions. And I remain prepared to help any and all providers with this confounding issue, right now, no matter what stage of preparedness you find yourself in at this time.
Coming Soon in Our Coaching Sessions:
The feedback from our attendees prompted us to prepare even more detailed coaching for dealing with all the payers, so we will add some much needed focus on that in our future sessions.
In the upcoming Coaching Sessions and Workshops then, I will be talking about and answering questions on:
- The Real State of Payer ICD-10 Readiness;
- The Three Major Strategies Payers Are Using to Process Claims Post-October 1, 2015-and It Probably Isn’t What You Would like to Think; and
- How to Incorporate Payers in Your ICD 10 Planning and How You Should Be Interacting with Them
Watch for next week’s Newsletter, and Good Luck with all of your planning!
Weeks Remaining Until ICD-10 Goes LIVE
A Key to Success Most Leaders Know
by Ernie de los Santos
What do world class athletes in tennis, basketball, golf, football and baseball all have in common? And no, I don’t mean “sports.” Whether it’s in sports, the arts, or business, what really leads people to greatness? What makes them the best in the world? There is a common ingredient – and it is found not only in athletes, but in entrepreneurs, business people and leaders in healthcare, as well.
I’m not talking about drive and ambition, although that is important to succeed and will lead to a certain level of success, it is not what leads to the highest level of achievement. If you research the really high achievers, you’ll find all that stuff, plus this one thing that many people simply don’t do, and I think it is perhaps the one ingredient that really sets these people apart.
You might guess that this common ingredient would be “Writing down your goals.” That is in fact one common ingredient. Having a plan is another element often referenced for high accomplishment. While I certainly recommend having your goals and end-game defined, and a plan written down to achieve it, neither of those is the missing, secret ingredient that gets you to the top.
Is it passion? Passion to succeed? Passion for what they do? Again, that will definitely help you out and keep you driving forward during times when you are struggling, but still, that is not the one missing ingredient I’m talking about here.
So what is it?
They seek out and work with the best coaches in the world.
Every year, Forbes makes a list of the highest paid athletes in the world. Every athlete on the Forbes list works with the best and (not surprisingly) highest paid coaches.
All the best business leaders I’ve known in my own career…all turned to the best coach they could find and afford. Some people call them “mentors,” but it’s the same thing.
But you might ask yourself, if you are at the top of your game, why would you need a coach?
I mean, LeBron James is said to be the number one basketball player in the world (even though he still couldn’t carry the Cleveland Cavaliers all the way to winning the NBA Finals this year), and he certainly earns serious money, so why on earth would he work with a coach?
Or why would the most successful business leaders (like the ones you’re seeing in the images on the right here), the ones who already seem to have the world eating out of their hand, who are already at the top of the ladder, why do they even think they need coaching?
Because it accelerates success and keeps them at the top of their game.
- A great coach will guide you in what you need to do to win.
- A great coach will be knowledgeable of the most effective techniques, methods and strategies required for success.
- A great coach will get to know what pushes your buttons so she or he can motivate you and keep you on course when you start to stray in the wrong direction.
So if you want to accelerate your success and reach (and stay at) the top of your game, crowd your path with successful people (likely others getting coached!) and the best coaching you can find.
For the first time, at least in this industry, we are proud to make coaching available to providers at a highly reasonable price, and at just the right time, to help you get through the transition to ICD-10 compliance. Even more rare, is the fact that you will be getting some of this information for FREE. This is critical information and virtually all providers, particularly hospitals, need it right now.
So you have the unique opportunity to join in and learn exactly what’s working, and what’s NOT working, in preparing for ICD-10.
There is limited space available for these programs. If you want this unheard of access to coaching by many of the industry’s top educators, you’ll want to visit the site listed below, and reserve your spots on these great courses, immediately.
Good luck with All Your Appeals and Plans!
P.S. If you’re still thinking about this and haven’t registered, let me ask you a question. If you decided you wanted to learn to play basketball like Kobe Bryant, who would you go to for help? Kobe…or his coach?
My guess is you’d go to his coach. Because if the person is a successful coach, it’s pretty much guaranteed they know how to convey what they know to others with clarity and precision.
If you want to learn directly from someone who has been coaching ICD-10 compliance for eight years, and recently has been coaching about 200 hospitals, then you’ll want to find out more about Mike Magliaro and the GPS courses. Visit this page to find out all you need to know and to save your seat in these limited availability sessions.
The ICD-10 Compliance Coaching Newsletter is provided free of charge by
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