3M Health Information Systems, a division of
) announced a strategic collaboration with the TriZetto Group
wherein the latter would gain exclusive access to 3M's ICD-10 Code
TriZetto intends to integrate 3M's grouping, edit, compliance and
pay-for-outcomes logic into TriZetto's sophisticated contract
modeling applications such as NetworX Pricer and NetworX Modeler.
With 3M's technology incorporated into provider contract modeling
services and ICD-10 translation mapping services, healthcare payers
will find it easier to comply with HIPAA 5010 and ICD-10
ICD-10 has the potential to improve both risk management and claims
administration, thus bringing about higher efficiency in resource
With the regulatory reforms in the healthcare industry, rapidly
rising medical costs and demand for operational efficiency are
weighing on payers and network providers. The healthcare industry
is witnessing ruthless competition with the emergence of a retail
Amid all these, the migration to ICD-10 is proving to be a daunting
challenge for payers and providers in the healthcare industry.
3M's ICD-10 Technology
The 3M ICD-10 Code Translation Tool provides insightful features
that simplify the translation process of existing information
systems and software applications to ICD-10. It can also fashion
customized mappings to meet precise clinical and business
To provide support in fine-tuning the final translations to ICD-10,
the software supplies the user with reference information and data.
3M's proven technology is expected to give TriZetto's Advantage 10
services a competitive edge. This is because it empowers TriZetto's
offerings with faster, more reliable migration and superior
services for their members and network providers.
3M software will thus enable judicious compliance with payment
regulations of the federal and state governments. This alliance
will thereby allow TriZetto to leverage the code migration, in
order to simplify the compliance process, rationalize the cost
structure and enhance the quality of care for their members.
3M provides an extensive range of tools and services for successful
ICD-10 implementation, including classification of risk areas,
translating codes, improving documentation and mapping and
3M currently holds a Zacks Rank #3 (Hold). Some better-ranked
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