ICD-10: Maybe not the crisis hospitals anticipated? #ICD10 #ICDRemediator #ICD10Matters #HealthIT

ICD-10: Maybe not the crisis hospitals anticipated? | Healthcare Dive

By Anne Zieger | November 19, 2014



For the past few years, providers have been shaking in their boots at the prospect of meeting the upcoming ICD-9 to ICD-10 conversion deadline. It is, after all, a pretty sizable project, demanding that providers and insurers switch out about 14,000 codes for about 69,000 codes. Not surprisingly, there was much celebration among concerned providers in April when President Obama signed legislation pushing back the ICD-10 compliance deadline date until at least 2015.



The American Medical Association, in fact, kept pushing HHS to repeal the ICD-10 mandate. At that time, the AMA was describing the ICD-10 switchover as a "massive unfunded mandate" which, according to Nachimson Associates, would cost small practices anywhere from $56,639 to $226,105 to complete.



This week, however, a new study came out which suggests that the AMA's cost estimates for the transition were greatly exaggerated. The study, which was published in the Journal of the American Health Information Management Association, found that ICD-10 transition costs are likely to be between $1,960 and $5,900.





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#ICD10 #ICDRemediator #ICD10Matters #HealthIT

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