Study: ICD-10 Mandate Creates Hardship for Providers | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Study: ICD-10 Mandate Creates Hardship for Providers

October 15, 2008
by root
| Reprints

Implementing the new ICD-10 code by 2011 will substantially increase costs for physician practices and clinical laboratories, according to findings from a study initiated by a group of provider organizations and conducted by Nachimson Advisors.

The group, which includes the American Medical Association (Chicago) and the Medical Group Management Association (Englewood, Colo.), says the costs associated with implementing ICD-10 in such a short time frame “are markedly higher than what CMS has estimated and will place a major burden on providers, taking valuable time away from their patients and straining other resources needed to invest in health information technology.”

According to the study, the total estimated cost for a 10-physician practice to move to ICD-10 would exceed $285,000. It will cost $83,290 for small, three-physician practices, and more than $2.7 million for large, 100-physician practices.

The group is asking the asking the Department of Health and Human Services to revisit its plan for rapid adoption of ICD-10 and extend the implementation deadline. To access the study, click here.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Trump will Nominate Acting VA Secretary Wilkie for Permanent Position

Just a day after the Department of Veterans Affairs (VA) and Cerner inked their $10 billion EHR (electronic health record) deal, President Trump said he would be nominating Acting VA Secretary Robert Wilkie for the permanent position.

ONC Names API Server Showdown Stage 2 Winner

The Office of the National Coordinator for Health Information Technology (ONC) has named 1UpHealth as the Stage 2 winner of the “Secure API Server Showdown” challenge.

EHNAC Developing Trusted Exchange Accreditation Program

To align with the Trusted Exchange Framework and Common Agreement, the Electronic Healthcare Network Accreditation Commission, a nonprofit standards development organization and accrediting body, is working with other organizations to establish a new Trusted Exchange Accreditation Program.

Lawmakers Demand New VA CIO, Citing “Malign Neglect” on EHR Project

A group of Democratic federal lawmakers, five senators and six members of Congress, are calling out the U.S. Department of Veterans Affairs (VA) for what they call “malign neglect” in the agency’s efforts to achieve electronic health record (EHR) modernization.

Medical Record Access Proves Costly for Some Patients, GAO Report Finds

Federal law requires healthcare providers to give patients access to their medical records, but according to a new GAO report, some patients believe they’re being charged too much to access their records.

Parkland’s Innovation Bridge Takes ‘Genius Bar’ Approach to Digital Health Apps

Taking inspiration from the Apple Genius Bar and Ochsner Health System’s O Bar, the Dallas-based Parkland Center for Clinical Innovation in collaboration with Parkland Health & Hospital System has opened an “Innovation Bridge” to assist patients with health-related apps.