decisionhealth Newsletters, Coder Pink Sheets - 2009 Issue 1 (January)
Cost of ICD-10 launch could be steep, physician study says
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Article Overview
This article examines a physician association-sponsored analysis of the financial and operational burden of moving practices to ICD-10, including training, workflow review, system changes, documentation demands, and possible cash-flow effects. It also presents a counterpoint from a health information management organization and places the discussion in the context of physician practice planning, payer interactions, and implementation timing. The piece is relevant to physicians, practice managers, coders, and health information professionals evaluating readiness for ICD-10.
Why This Topic Matters
Understanding the anticipated costs and workflow impacts of an ICD-10 transition helps practices plan budgets, staffing, training, and system updates. The article also highlights the broader debate over implementation readiness and the operational consequences for physician offices.
What You Will Learn
- What types of expenses are associated with an ICD-10 transition
- How physician practices may be affected operationally during implementation
- What opposing viewpoints exist regarding ICD-10-related practice costs
- What broad areas of practice operations may require review before transition
Who Should Read This
- Physicians
- Practice managers
- Medical coders
- Billing staff
- Health information management professionals
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