According to the report, conducted by the American College of Healthcare Executives, 68 percent of 338 CEOs who participated in the survey were anxious about being ICD-10 compliant by Oct. 1.
To put that value in context: 57 percent of the CEOs were concerned about issues with Medicare reimbursement and 55 percent were worried about increasing costs for staff, supplies, etc.
Only three worries did CEOs express more distress over: CMS audits (80 percent), reducing operating costs (78 percent) and Medicaid reimbursement (69 percent).
“The survey results show that these are challenging times for CEOs and leadership teams, and we are all expected to do more with less,” said Deborah J. Bowen, FACHE, CAE, president and CEO of ACHE in the group’s press release on these worries. “Taking care of patients and improving patient safety and quality in their organizations is job No. 1, but CEOs acknowledge they must do so in a climate of complex payment reform, dwindling reimbursement and government mandates.”
The American College of Healthcare Executives is an international professional society of more than 40,000 healthcare executives who lead hospitals, healthcare systems and other healthcare organizations.
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