ICD-10 costs: Lower than expected? #ICD10 #ICDRemediator #ICD10Matters #HealthIT

ICD-10 costs: Lower than expected? - FierceHealthIT

November 14, 2014 | By Dan Bowman



ICD-10 implementation costs may not be as burdensome as previously thought for small physician practices, at least according to a post in this month's Journal of the American Health Information Management Association (AHIMA).



The post's authors, which include a physician manager and health information systems project managers for 3M Health Information Systems, estimate the costs for small practices--three physicians plus two other impacted staff members such as coders--to be between $1,960 and $5,900; by contrast, they point out that recent estimates by advisers used by the American Medical Association peg the costs to be between $22,560 and $105,506.



The latter estimates are so high, the authors say, partially because they are padded with other costs that impact, but are not directly related to, ICD-10 efforts, including the adoption of electronic health records.





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