decisionhealth Newsletters, Part B News - 2015 Issue 4 (April)
Prepare to withstand ICD-10 cash-flow disruptions with line-of-credit lifeline
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Article Overview
This article explains how physician practices can prepare financially for possible cash-flow disruptions associated with the ICD-10 transition. It covers general planning considerations for establishing a line of credit, timing, practice expense planning, payer readiness concerns, and how practice size and ICD-10 preparedness may affect financial stability. The content is intended for practice administrators, physicians, and coding or revenue-cycle leaders evaluating operational risk during the transition period.
Why This Topic Matters
ICD-10 implementation can affect claim processing and revenue timing, so practices need a plan to manage temporary interruptions in cash flow. Understanding the article helps leaders assess financial readiness, coordinate internal preparation, and reduce disruption risk during a major coding transition.
What You Will Learn
- How practices can think about preparing for temporary cash-flow disruption during an ICD-10 transition.
- What broad factors influence a practice’s financial readiness and operational preparedness.
- Why payer readiness, practice size, and staff training matter to transition planning.
- How line-of-credit planning fits into broader ICD-10 preparedness efforts.
Who Should Read This
- Physician practices
- Practice administrators
- Revenue cycle managers
- Medical coders
- Healthcare financial managers
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