Updated on: September 23, 2013

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

By Panacea Healthcare Solutions, Inc.
Original story posted on: August 28, 2013

ST. PAUL, MN--(Marketwired - Jul 29, 2013) - 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 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."

ABOUT ADVENTIST HEALTH

Adventist Health is a faith-based, not-for-profit integrated health care delivery system serving communities in California, Hawaii, Oregon and Washington. A workforce of 28,900 includes more than 21,200 employees; 4,500 medical staff physicians; and 3,200 volunteers. Founded on Seventh-day Adventist health values, Adventist Health provides compassionate care in 19 hospitals, more than 170 clinics (hospital-based, rural health and physician clinics), 14 home care agencies, seven hospice agencies and four joint-venture retirement centers. Visit AdventistHealth.org for more information.

ABOUT PANACEA

Panacea Healthcare Solutions, Inc. provides coding, compliance, reimbursement and revenue cycle solutions through our consulting services, technology, publications and webcasts. All of our products and services are driven by specialized in-house consulting teams with unparalleled experience and credentials. The breadth of experience that Panacea brings to the table is extensive. It spans from the extensive library of coding and billing publications and webcasts products provided through our subsidiary MedLearn Publishing to Panacea'sICD10monitor.com and RACmonitor.com news and information websites which have more than 50,000 visits per month. For more detailed information about Panacea's ICD-10 services, visit http://www.i10readiness.com.