decisionhealth Newsletters, Coder Pink Sheets - 2009 Issue 3 (March)
How much might ICD-10 conversion cost your practices?
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Article Overview
This article examines an industry-sponsored study on the financial impact of moving physician practices to ICD-10-CM, including projected cost categories, practice-size comparisons, and the assumptions behind the estimates. It also summarizes contrasting reactions from CMS-related projections and AHIMA commentary. The piece is useful for practice managers, coders, consultants, and compliance staff evaluating the operational scope of an ICD-10 transition.
Why This Topic Matters
Understanding the likely scope and cost of ICD-10 conversion helps practices plan for training, workflow changes, documentation updates, and technology impacts. The article also highlights that implementation estimates can vary widely depending on assumptions and methodology.
Article Sections
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Implementation cost estimates by practice size
Summarizes the study’s projected financial impact for practices of different sizes and introduces the comparison to other estimates.
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Breakdown of the costs
Outlines the major operational areas the study says practices need to address during the transition, including staff preparation, workflow review, systems changes, documentation demands, and cash flow effects.
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Figures higher than CMS projections
Compares the study’s estimates with CMS projections and discusses why the reported numbers differ across sources.
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Official resources
Provides references to the underlying study and a related rebuttal document.
What You Will Learn
- The broad cost categories associated with an ICD-10 implementation assessment
- How practice size affects projected conversion expenses
- Why published estimates for ICD-10 transition costs may differ
- What organizations and stakeholders responded to the study
- What supporting documents are referenced for further review
Who Should Read This
- Physician practice managers
- Medical coders
- Compliance professionals
- Healthcare consultants
- Revenue cycle staff
- Health information management professionals
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