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 study estimating the expense of implementing ICD-10 in physician practices of different sizes, along with a rebuttal from a health information management organization. It is relevant to physicians, practice managers, coders, consultants, and compliance teams evaluating training, workflow, system, documentation, and cash-flow impacts associated with ICD-10 adoption.
Why This Topic Matters
It helps readers understand the broad operational and financial considerations tied to an ICD-10 transition and the fact that industry groups may disagree on expected costs and impact.
What You Will Learn
- How a physician-practice study framed the projected cost of ICD-10 adoption
- Which categories of implementation expense were discussed
- How a professional organization responded to the study’s cost estimates
- What kinds of practice operations may be affected during a coding-system transition
Who Should Read This
- Physicians
- Practice administrators
- Medical coders
- Billing staff
- Health information management professionals
- Compliance staff
- Healthcare consultants
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