Study warns that cost of ICD-10 launch could be steep

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Note:  The following article synopsis was NOT provided by HCPro. It was created by Find-A-Code/innoviHealth.

Article Overview

This article discusses a study on the projected costs of implementing ICD-10 for physician practices of different sizes, along with a rebuttal from AHIMA questioning those estimates. It is relevant to practice managers, coders, compliance staff, and healthcare administrators evaluating training, workflow, documentation, and system changes associated with ICD-10 adoption. The article covers broad cost categories, implementation concerns, and differing viewpoints from major physician and health information organizations.

Why This Topic Matters

Understanding the anticipated operational and financial effects of ICD-10 implementation helps healthcare organizations plan staffing, training, documentation, and information system updates. The article is useful for assessing readiness and comparing perspectives from organizations involved in coding and practice management.

What You Will Learn

  • How ICD-10 implementation costs were estimated for practices of different sizes
  • What broad cost categories are considered in ICD-10 adoption planning
  • Why different organizations may disagree about implementation impact
  • What operational areas may be affected when moving to a new diagnosis code set

Who Should Read This

  • Physician practices
  • Practice administrators
  • Medical coders
  • Health information management professionals
  • Compliance staff
  • Healthcare consultants

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