ALPHARETTA, Ga.--(BUSINESS WIRE)--As of today, RelayHealth Financial has successfully processed over $25 billion in claims using ICD-10 codes. This dollar volume represents more than 13 million institutional and physician claims processed using RelayHealth Financial’s revenue cycle management solutions, including RelayClearance Plus, RelayAssurance Plus, ConnectCenter, and EDI Services.
“From having our entire portfolio ready a full two years before the deadline to our comprehensive testing program and, most recently, the introduction of ICD-10 Central’s real-time analytics dashboard, RelayHealth Financial has led the industry with investments to help ensure a smooth transition for providers,” said Joshua Berman, ICD-10 Lead for RelayHealth Financial. “Claims are flowing successfully, and now the industry must be ready to tackle the next set of challenges: timely and correct reimbursement. As always, RelayHealth is ready to help its customers build on their ICD-10 successes.”
Providers can monitor critical industry KPIs affected by ICD-10 on RelayHealth Financial’s real-time analytics dashboard at ICD10Central.com. Among these metrics, Berman notes that Days to Final Bill is important to keep an eye on, as it indicates whether providers are generating claims using ICD-10 as efficiently as they did using ICD-9. This number could drop, but should rebound once providers gain proficiency in using ICD-10. If the number dips and does not rebound, urgent attention is required, Berman said.
Visit ICD10Central.com to monitor real-time Days to Final Bill results across the industry, as well as metrics including Days to Payment, Denial Rate, and Reimbursement Rate. For more information on RelayHealth Financial’s revenue cycle management solutions, visit http://www.relayhealthfinancial.com, learn from our experts at the RelayHealth blog, or follow us on Twitter at @RelayHealth.
For information on McKesson Health Solutions, please visit our website, hear from our experts at MHSdialogue, and follow us on Twitter at @McKesson_MHS.
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About RelayHealth Financial
Every day across America, more than 2,000 hospitals and health systems rely on RelayHealth to help them process over 5 million patient claims, worth over $1.1 trillion annually. Our broad array of revenue cycle management solutions use the power of the cloud and big data to help healthcare professionals make better financial decisions for their organizations and patients, right at the point of care. Nobody does more than RelayHealth to bring healthcare connections to life. For more information, visit relayhealthfinancial.com.
About McKesson
McKesson Corporation, currently ranked 11th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit us at www.mckesson.com.
Tags: McKesson, McKesson Health Solutions, RelayHealth Financial, Revenue Cycle, Revenue Cycle Management, ICD-10, ICD10Central.com
