Why ICD-10 cost a lot less than we anticipate #ICD10 #ICDRemediator #ICD10Matters #HealthIT

Why ICD-10 might actually cost a lot less than we anticipate | Government Health IT

November 17, 2014 | Carl Natale, Editor, ICD10Watch



For years, the industry has been operating on cost estimates for ICD-10 that project the ticket will be approximately $85,000 for even a small medical group with about 3 doctors. 



And that perceived cost of ICD-10 implementation is the real reason behind so many physician's resistance to ICD-10 implementation. 



It doesn't help that there are plenty of articles comparing ICD-10 implementation to Y2K. Who really wants to take on that?



But the Journal of AHIMA examines the cost issue with a piece of analysis concluding that ICD-10 implementation will cost less than most healthcare professionals think.



We're talking $1,960-$5,900 for small medical practices. Yes, you read that right, and the bulk of it goes toward training.



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