tci Part B Insider - 2008 Issue 38

Physician Notes: Transition to ICD-10 Could Cost Large Medical Practice Upwards of $2 Million

Plus: MedPAC brings payment information for physicians, therapists, and other providers to the forefront.Transition to the ICD-10 diagnosis coding system may not just be a practical headache -- it could cost you a small fortune.On Aug. 15, HHS announced its proposal to replace the ICD-9 codes with the ICD-10 series effective Oct. 1, 2011. Not only would the new code set completely overhaul your claims systems, software, and superbills -- but it could require vast training and significant expense outlay for your practice.An Oct. 8 study by Nachimson Advisors, LLC, indicated that switching from the ICD-9...

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