decisionhealth Newsletters, Part B News - 2013 Issue 7 (July)
Benchmark: Some practices have no financial backup plans for ICD-10 issues
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Article Overview
This article reviews survey results about how medical practices are preparing for the ICD-10 transition, with emphasis on financial contingency planning, productivity concerns, and expected reimbursement delays. It is aimed at practice administrators, billing leaders, and coding professionals who want a high-level view of transition readiness and common operational risks. The piece discusses survey-based benchmarks and broad planning considerations without providing technical coding guidance.
Why This Topic Matters
ICD-10 transitions can affect billing workflows, documentation, and revenue cycle timing, so understanding common preparedness gaps helps practices assess operational risk and plan for disruption.
What You Will Learn
- What survey respondents identified as the main operational concerns related to the ICD-10 transition
- How practices were thinking about cash-flow protection and other financial backup planning
- Why productivity and documentation issues were viewed as important transition risks
- What types of general contingency planning were being considered by respondents
Who Should Read This
- Medical practice administrators
- Billing and coding managers
- Revenue cycle professionals
- Physicians
- Healthcare consultants
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