Sponsored by National Medical Billing Services | This email address is being protected from spambots. You need JavaScript enabled to view it. | (636) 273-6711

Another ICD-10 Delay Would Cost Additional $1B to $6.6B

Share on Facebook
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

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

© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New from Becker's ASC Review

Arise Austin Medical Center Selects athenahealth for Clinical Integration

Read Now