Ninety-three percent of healthcare payors have chosen an approach for their ICD-10 migration efforts, up from 75 percent in the third quarter of 2009, according to survey results from The TriZetto Group.
According to the March 2011 study, titled The March Toward Compliance: 2011 Survey Highlights 5010 and ICD-10 Progress and Continuing Challenges, approximately 86 percent of health plans are most concerned that providers will be unprepared for ICD-10 compliance and technically unable to submit claims using ICD-10 codes.
According to the survey, nearly half of payors (46 percent) plan to model the impact of ICD-10 on provider contracts, and 33 percent are developing new payment models. Forty-three percent of payors have updated their care management systems for ICD-10 compliance, and nearly half of payor organizations have built or mapped HIPAA 4010 to HIPAA 5010 testing.
Approximately 60 percent of payors have chosen a single, enterprise-wide ICD-9 to ICD-10 mapping/translation strategy, according to the report.
Read the Insurance News Net report on the TriZetto Group survey.
Related Articles on ICD-10:
ICD-10 Straight Talk: Overview
The Cost of Moving to ICD-10: 20 Statistics for Physician Practices
ICD-10 Specificity to Impact Nurse Workflows
According to the March 2011 study, titled The March Toward Compliance: 2011 Survey Highlights 5010 and ICD-10 Progress and Continuing Challenges, approximately 86 percent of health plans are most concerned that providers will be unprepared for ICD-10 compliance and technically unable to submit claims using ICD-10 codes.
According to the survey, nearly half of payors (46 percent) plan to model the impact of ICD-10 on provider contracts, and 33 percent are developing new payment models. Forty-three percent of payors have updated their care management systems for ICD-10 compliance, and nearly half of payor organizations have built or mapped HIPAA 4010 to HIPAA 5010 testing.
Approximately 60 percent of payors have chosen a single, enterprise-wide ICD-9 to ICD-10 mapping/translation strategy, according to the report.
Read the Insurance News Net report on the TriZetto Group survey.
Related Articles on ICD-10:
ICD-10 Straight Talk: Overview
The Cost of Moving to ICD-10: 20 Statistics for Physician Practices
ICD-10 Specificity to Impact Nurse Workflows