What Have Physician Practices Spent on the ICD-10 Conversion Thus Far?

Several organizations have criticized the ICD-10, citing the possibility of wasted resources and time. How much have physician practices spent on their conversion plans thus far? Here are four statistics from a Part B News white paper, according to a Medical Economics report.

Advertisement

•    Solo practices spent an average of $7,719 thus far
•    75 percent of solo practices spent less than $5,000 thus far
•    Practices with more than 100 physicians spent an average of $45,592 thus far
•    71 percent of practices with more than 100 physicians spent more than $50,000 thus far

More Articles on Coding and Billing:
AHIP Joins Coalition for ICD-10
Coding Tip: Urogynecological Procedures
ICD-10 Will Provide Better Data for Healthcare Analytics

Advertisement

Next Up in ASC Coding, Billing & Collections

  • Here are six payer updates since the start of 2026 that ASC should know:  1. CMS finalized a 2.6% payment…

  • Noncompete agreements, and the laws that regulate them, are rapidly becoming one of the most consequential, and contested, issues in…

Advertisement

Comments are closed.