The results are up considerably from responses in April 2010, when only 55 percent of respondents said they had begun ICD-10 work. Organizations have also made progress in creating ICD-10 budgets and assessing training needs for staff.
The survey found that more work needs to be done before ICD-10’s Oct. 1, 2013 implementation date: Only 49 percent of respondents reported having made changes based on their assessments. According to the release, organizations that are unprepared for the transition could face major billing headaches and loss of compensation since claims submitted after the Oct. 2013 deadline not using the new coding language will be rejected.
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