Most ICD-10 financial risk information may be targest for CFOs because of their position, but CIOs can benefit from financial risk assessments as well, according to the San Francisco Chronicle.
Through encounter-level ICD-10 financial risk assessments, CIOs can better understand where to focus the conversion efforts to reduce risk to the business and best use resources. Having ties to revenue helps the CIO bridge the gap between IT and business.
CIOs can facilitate:
• Improved budget allocations
• Increased automation in testing scenarios
• Prioritized testing scenarios and data
• Improved staff allocations
• Prioritized planning for vendor and interface management
More Articles on Revenue Cycle:
UHS to Pay Cash Dividend Next Month
Report: High-Priced Hospitals in Massachusetts Receive 80% of Payor Dollars
Charity Care and Property Taxes: Why They Are Now Inseparable
Through encounter-level ICD-10 financial risk assessments, CIOs can better understand where to focus the conversion efforts to reduce risk to the business and best use resources. Having ties to revenue helps the CIO bridge the gap between IT and business.
CIOs can facilitate:
• Improved budget allocations
• Increased automation in testing scenarios
• Prioritized testing scenarios and data
• Improved staff allocations
• Prioritized planning for vendor and interface management
More Articles on Revenue Cycle:
UHS to Pay Cash Dividend Next Month
Report: High-Priced Hospitals in Massachusetts Receive 80% of Payor Dollars
Charity Care and Property Taxes: Why They Are Now Inseparable