While healthcare is becoming more interested in data analytics, the current ICD-9 code set stunts these efforts because the codes are less specific than ICD-10 codes. Congress recently delayed ICD-10 implementation for another year — until October 2015 — effectively locking business intelligence companies out of the market for another year.
However, the healthcare industry is projected to spend $34.5 billion on IT-related costs this year, according to the report.
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