August 6, 2013

Adventist Health Contracts with Panacea Healthcare Solutions for ICD-10 Readiness

By

Panacea Healthcare Solutions, Inc. ,a leading provider of consulting, software and publications for the hospital industry, is pleased to announce that it has entered into an agreement with Adventist Health to perform comprehensive ICD-10 Documentation & Coding Audits across 19 facilities for inpatient, outpatient and physician services.

Panacea provides a broad range of end-to-end complementary ICD-10 services including data analytics through its I-10Focus reports, powered by OptumInsight, which identify those specific diagnosis and procedure codes having the highest probability for opportunity and risk related to potential code movement from ICD-9 to ICD-10. From there, specific patient records are selected for chart reviews.

Panacea can also provide ongoing staff training and education. Panacea’s proprietary technology combined with its in-house team of experienced of AHIMA Approved ICD-10-CM / PCS Trainers as well as financial consultants can facilitate ICD-10 preparation and implementation.

“The October 1st, 2014 ICD-10 deadline is looming, and the industry’s gaps in the ICD-transition are staggering,” says Kim Charland, senior vice president of clinical consulting for Panacea Healthcare Solutions. According to a recent poll by conducted on July 2, 2013 by Panacea’s ICD10monitor.com, 50 percent of hospitals surveyed have not yet performed data analytics to determine the financial impact of ICD-10.

“This makes our relationship with Adventist Health very timely,” says Fred Stodolak, CEO of Panacea Healthcare Solutions. “Their increased focus on ICD-10 readiness coupled with the comprehensive nature of the audit is a clear indicator that the time has finally come for hospitals and health systems to refocus their resources on ICD-10. It goes without saying that early preparation can lead to a smoother ICD-transition.”

Disclaimer: Every reasonable effort was made to ensure the accuracy of this information at the time it was published. However, due to the nature of industry changes over time we cannot guarantee its validity after the year it was published.