Practice management systems will play a key role in the transition to ICD-10. Here are five statistics on where physician practice PM systems stand in the race to prepare for the new code set, according to the Medical Group Management Association ICD-10 Implementation Study, January 2014.
Will physicians need to replace or upgrade their PM system?
• PM will or did need an upgrade: 78.2 percent
• PM will not or did not need to be upgraded or replaced: 8.2 percent
• PM will need to be replaced: 5.3 percent
• Do not know: 4.4 percent
• PM will need to be replaced or upgraded, but unsure which: 3.9 percent
More Articles on ICD-10:
ICD-10 Preparation for Small & Medium Physician Practices: 7 Actions to Take Now
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Will physicians need to replace or upgrade their PM system?
• PM will or did need an upgrade: 78.2 percent
• PM will not or did not need to be upgraded or replaced: 8.2 percent
• PM will need to be replaced: 5.3 percent
• Do not know: 4.4 percent
• PM will need to be replaced or upgraded, but unsure which: 3.9 percent
More Articles on ICD-10:
ICD-10 Preparation for Small & Medium Physician Practices: 7 Actions to Take Now
5 Key CMS Resources for ICD-10 Preparation
CMS Stands Fast on ICD-10 Compliance Deadline