AMA stands fast behind initial ICD-10 price estimates

A recent study published in the Journal of the American Health Information Management Association estimated the cost of transitioning to ICD-10 to be between $1,960 and $5,900. The American Medical Association has spoken out against the study and reaffirms previous price estimates, according to an iHealthBeat report.

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The AMA is standing behind price estimates generated by the Nachimson Advisors. The AMA and Nachimson Advisors argue that the AHIMA study fails to include the cost of several ICD-10 implementation steps.

The Nachimson Advisors estimated implementation costs of $22,560 to $105,506 in a 2014 update to the AMA, according to the report.

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