Several organizations have criticized the ICD-10, citing the possibility of wasted resources and time. How much have physician practices spent on their conversion plans thus far? Here are four statistics from a Part B News white paper, according to a Medical Economics report.
• Solo practices spent an average of $7,719 thus far
• 75 percent of solo practices spent less than $5,000 thus far
• Practices with more than 100 physicians spent an average of $45,592 thus far
• 71 percent of practices with more than 100 physicians spent more than $50,000 thus far
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• Solo practices spent an average of $7,719 thus far
• 75 percent of solo practices spent less than $5,000 thus far
• Practices with more than 100 physicians spent an average of $45,592 thus far
• 71 percent of practices with more than 100 physicians spent more than $50,000 thus far
More Articles on Coding and Billing:
AHIP Joins Coalition for ICD-10
Coding Tip: Urogynecological Procedures
ICD-10 Will Provide Better Data for Healthcare Analytics