decisionhealth Newsletters, Coder Pink Sheets - 2008 Issue 12 (December)
How much might ICD-10 conversion cost your practice?
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Article Overview
This article examines a study on the financial and operational impact of moving physician practices from ICD-9 to ICD-10. It is relevant to practice managers, coders, and administrators who want a high-level view of projected costs, workflow effects, training needs, documentation changes, and the differing perspectives of major healthcare organizations and agencies. The piece also places the estimates in context with broader ICD-10 and HIPAA 5010 implementation discussions.
Why This Topic Matters
The transition to ICD-10 affects staffing, documentation, systems, and revenue cycle operations, so understanding the scope of potential cost and workflow disruption helps practices plan. The article also highlights that public cost estimates and industry study estimates may differ significantly, which is important for budgeting and implementation planning.
Article Sections
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Cost estimates by practice size
Summarizes the study’s estimates for different practice sizes and the general categories used to compare implementation impact.
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Breakdown of the costs
Outlines the major operational areas examined in the study, including education, process review, forms, systems, documentation, and revenue cycle effects.
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Figures higher than CMS projections
Compares the study’s estimates with federal projections and discusses why the reported figures differ.
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AHIMA continues to support implementation
Describes AHIMA’s response to the study and its position on the ICD-10 and related implementation timeline.
What You Will Learn
- How the article frames the financial impact of ICD-10 adoption on physician practices
- What broad operational areas were identified as part of implementation planning
- How different organizations viewed the cost estimates and timing of adoption
- Why the article compares study findings with CMS projections
Who Should Read This
- Physician practice administrators
- Medical coders
- Billing and revenue cycle staff
- Healthcare compliance and operations professionals
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