Ernst & Young and 3M to Host Webcast to Help Organizations Prepare for Overhaul of Health care Coding System

NEW YORK, Feb. 3, 2011 /PRNewswire/ -- Ernst & Young LLP and 3M Health Information Systems will be hosting a webcast on February 9, 2011, to discuss the intricacies involved as US health care providers and health plans adapt to the first major overhaul of the medical coding system in more than 30 years.

US adoption of the International Classification of Diseases 10th edition (ICD-10) by 2013 will usher in a new era of medical coding, designed to improve disease management, quality monitoring, and health care reimbursement. The new standard will significantly expand the number of codes in use, enabling payers and providers to address a wider variety of conditions with far more specificity. The transition to ICD-10 also brings new complexity, however, as the number of diagnostic codes increases from 17,000 available today to more than 140,000 under ICD-10.

"The shift to ICD-10 is about more than compliance; it is an opportunity for health care organizations and payers to transform their business processes in a way that can bring dramatic improvements to their overall performance," says John Distefano, Americas Health care Advisory Services leader at Ernst & Young LLP. "We are very pleased to be hosting this event with 3M, which like EY, has been guiding clients throughout the world in their conversion to ICD-10."

Ernst & Young firms have worked for a decade with health care clients in Europe as they began to utilize ICD-10 as the basis for development of a national payment methodology. This level of ICD-10 depth adds to the organization's extensive experience in revenue cycle, process redesign, change management and IT analysis.

3M Health Information Systems has over 15 years' experience in developing and maintaining ICD-10 products and services around the world. In the United States, under contract with the Centers for Medicare and Medicaid Services and the National Center for Health Statistics, 3M developed the ICD-10 Procedure Coding System (ICD-10-PCS) and the General Equivalence Mappings (GEMS) and Reimbursement Maps.

"ICD-10 will touch every aspect of health care operations and patient care, so it's critical that organizations have a comprehensive transition plan," adds Garri Garrison, Consulting Services business director for 3M Health Information Systems.  "3M's program can help facilities understand how to take strategic advantage of ICD-10 for clinical, financial, and operational improvement."

Webcast details

Industry professionals from Ernst and Young LLP and 3M Health Information Systems will explore the implications of ICD-10 for US businesses on a webcast being held Wednesday, February 9, 2011, from 1:00 PM – 2:00 PM EST. Topics to be addressed include:

• Current state of readiness and emerging strategies among payers and providers
• Revenue cycle processes
• Physician documentation habits
• Impact on EHR/CPOE systems
• Impact on Clinical and financial systems
• Timelines for ICD-10 implementations

Details and registration information are available at: http://webcast.ey.com/thoughtcenter/default.aspx?pid=3243

About Ernst & Young's Advisory Services

The relationship between risk and performance improvement is an increasingly complex and central business challenge, with business performance directly connected to the recognition and effective management of risk. Whether your focus is on business transformation or sustaining achievement, having the right advisors on your side can make all the difference. Our 20,000 advisory professionals form one of the broadest global advisory networks of any professional organization, delivering seasoned multidisciplinary teams that work with our clients to deliver a powerful and superior client experience. We use proven, integrated methodologies to help you achieve your strategic priorities and make improvements that are sustainable for the longer term. We understand that, to achieve your potential as an organization, you require services that respond to your specific issues, so we bring our broad sector experience and deep subject matter knowledge to bear in a proactive and objective way. Above all, we are committed to measuring the gains and identifying where the strategy is delivering the value your business needs. It's how Ernst & Young makes a difference.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit www.ey.com.

This news release has been issued by Ernst & Young LLP, a client-serving member firm of Ernst & Young Global Limited located in the US.

SOURCE Ernst & Young LLP

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