Cost of Converting Small Physician Practices to ICD-10 Much Lower than Reported | Journal of AHIMA
Nov 12, 2014 12:57 pm
posted by Rich Averill
The controversial delay of ICD-10 implementation was based in part on the perceived time, cost, and lost productivity for physician offices to perform the necessary assessment, training, software conversions, testing, and “super bill” updates.
However, current evidence suggests that the initial estimates of the costs and effort associated with ICD-10 implementation for physician offices has been overestimated and that vendors, health plans, and physicians have made considerable progress with fewer resources than had been previously estimated.
This article will re-examine the estimated costs for ICD-10 conversion for a typical small physician practice based on results from recent surveys and published reports, as well as ICD-10 conversion experience with numerous hospitals and physicians.
Click the link above for access to the article
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