This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New York University Langone Medical Center Works With Accenture To Align ICD-10 Mandates To Clinical Operations

New York University Langone Medical Center (NYU Langone) has selected Accenture (NYSE:ACN) to support its ICD-10 implementation program. The effort will map ICD-10 mandates to clinical processes and will use analytics to identify and mitigate potential risks to avoid financial loss.

ICD-10 is an International Classification of Disease system established by the World Health Organization for classifying  medical diagnostic properties and procedures in records and reimbursement claims. By U.S. federal mandate, all health organizations must transition to ICD-10 by October 1, 2014.

Accenture will work with NYU Langone to help manage all areas of transitioning to the ICD-10 mandates, such as implementing computer-assisted coding software and helping to administer online training to the entire healthcare network, including physicians. In addition, Accenture will help the Medical Center perform dual coding up to 12 months prior to the federally mandated ICD-10 deadline.

“This contract will help ensure a smooth transition to ICD-10,” said Wesley Smith, vice president of medical center finance at NYU Langone. “Aligning our clinical operations and business processes to fully comply with the new mandates will position NYU Langone for future growth and ensure that we continue providing high-quality, cost-efficient care to our patients.”

Since 2010, Accenture has worked with the NYU Langone to establish the infrastructure and reimbursement processes for transitioning to the ICD-10 mandates, including eliminating erosions in coder productivity, remediating areas of financial risk in coding and documentation, minimizing patient disruptions in outpatient care and verifying the compliance of physician documentation. Additionally, the hospital information systems were upgraded to support the implementation process.

“For healthcare providers that embrace a strategic approach to complying with the new mandates, the transition to ICD-10 represents an opportunity to create new business value,” said Gala Prabhu, who manages Accenture’s ICD-10 initiatives. “Retraining staff, improving processes and upgrading technology systems can drive significant revenue cycle and operational improvements.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs