The American Health Information and Management Association estimates that another one-year delay in ICD-10 implementation would cost the healthcare industry an additional $1 billion to $6.6 billion, according to a Health Data Management report.
Of the clinics and physician practices responding to a recent survey:
• 42 percent have spent less than $100,000 on the transition thus far
• 15 percent have spent between $100,000 and $500,000
• 31 percent anticipate spending less than $100,000 by Oct. 1, 2015
• 12 percent anticipate spending between $100,000 and $500,000 by Oct. 1, 2015
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Of the clinics and physician practices responding to a recent survey:
• 42 percent have spent less than $100,000 on the transition thus far
• 15 percent have spent between $100,000 and $500,000
• 31 percent anticipate spending less than $100,000 by Oct. 1, 2015
• 12 percent anticipate spending between $100,000 and $500,000 by Oct. 1, 2015
More Articles on Coding and Billing:
5 Articles on ASC Managed Care Contract Negotiation
90% of Physicians Rely on Traditional Fee-for-Service Model
Payment Predicament: The Evolution of Managed Care Contracting Challenges