According to the March 2011 study, titled The March Toward Compliance: 2011 Survey Highlights 5010 and ICD-10 Progress and Continuing Challenges, approximately 86 percent of health plans are most concerned that providers will be unprepared for ICD-10 compliance and technically unable to submit claims using ICD-10 codes.
According to the survey, nearly half of payors (46 percent) plan to model the impact of ICD-10 on provider contracts, and 33 percent are developing new payment models. Forty-three percent of payors have updated their care management systems for ICD-10 compliance, and nearly half of payor organizations have built or mapped HIPAA 4010 to HIPAA 5010 testing.
Approximately 60 percent of payors have chosen a single, enterprise-wide ICD-9 to ICD-10 mapping/translation strategy, according to the report.
Read the Insurance News Net report on the TriZetto Group survey.
Related Articles on ICD-10:
ICD-10 Straight Talk: Overview
The Cost of Moving to ICD-10: 20 Statistics for Physician Practices
ICD-10 Specificity to Impact Nurse Workflows
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