AppRev announced this week that it has compiled and released the results of its historic ICD-10 implementation study.
The study compared the last three months under ICD-9 (July-August 2015) with the first three months under ICD-10 (October-December 2015). The goal of the study was to allow hospitals and providers to view their performance as compared the the experiences of a larger group.
AppRev President and CEO Seth Avery shared the results of the study at the Healthcare Financial Management Association Region 5 Dixie Institute in Nashville on March 21. Using a simple set of metrics developed in collaboration with several of their hospital customers, AppRev incorporated data from approximately 40 hospitals to arrive at the results.
After reviewing all data and speaking with participating hospitals, AppRev determined that the final impact of the ICD-10 transition is not fully known at this time. The comprehensive overview of the results and data can be found on AppRev’s website at http://apprev.com/icd10-study.php.
“We found that the results of this study revealed mostly good news. The impact of the transition has not overall adversely affected hospitals, with the exception of medical necessity denials. These were up across the board for a variety of reasons, as outlined in the study results,” Avery said.
Due to the variety of factors expected to affect data in the coming year, AppRev will continue this study through 2016 and report quarterly results. Doing so will provide a more comprehensive scope of the impact of ICD-10.
AppRev would like to increase the sample size and potentially even report by state and hospital size. A separate study focused on physician data is also a possibility, with widespread interest in comparing the physician’s experience with that of the hospital’s emerging nationally.
Any interested hospitals or providers are welcome to participate in the study. A limited amount of information is required of participants,and all responses will be kept confidential. The quarterly analysis will continue to be made available to all participants and shared through a number of HFMA presentations and webinars, on AppRev’s website and upon request.
Interested parties can find the participation form on AppRev’s website at http://apprev.com/icd10-study.php.