NEW YORK--(BUSINESS WIRE)--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.
“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.”
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.”
About New York University Langone Medical Center
New York University Langone Medical Center, a world-class, patient-centered, integrated, academic medical center, is one of the nation’s premier centers for excellence in clinical care, biomedical research and medical education. Located in the heart of Manhattan, NYU Langone is composed of four hospitals: Tisch Hospital, its flagship acute care facility; the Hospital for Joint Diseases, one of only five hospitals in the nation dedicated to orthopaedics and rheumatology; Hassenfeld Pediatric Center, a comprehensive pediatric hospital supporting a full array of children’s health services; and the Rusk Institute of Rehabilitation Medicine, the world’s first university-affiliated facility devoted entirely to rehabilitation medicine – plus NYU School of Medicine, which since 1841 has trained thousands of physicians and scientists who have helped to shape the course of medical history. The medical center’s tri-fold mission to serve, teach and discover is achieved 365 days a year through the seamless integration of a culture devoted to excellence in patient care, education and research. For more information, go to NYULMC.org.
Accenture is a global management consulting, technology services and outsourcing company, with 259,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US $27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.