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.

Topics

News

Healthcare Associations to Congress: Extend MACRA Flexibilities by Three More Years

Several prominent healthcare associations and medical societies have written a letter to leading members of the Committee on Energy and Commerce, proposing to continue current MACRA flexibilities for an additional three years.

HIMSS Issues “Call to Action” on Nationwide Interoperability

The Chicago-based Healthcare Information and Management Systems Society (HIMSS) has issued a “call to action” for the Department of Health and Human Services (HHS) and others to achieve nationwide interoperability.

Delaware’s Nemours Hospital Receives Stage 7 Designation

Nemours Alfred I duPont Hospital for Children, a pediatric hospital located in Wilmington, Del., has been recognized by HIMSS Analytics as a Stage 7 patient care organization.

Survey: Broad Usage of AI in Healthcare Still Two to Five Years Out

Roughly 48 percent of healthcare organizations currently use clinical intelligence solutions, but most healthcare organizations predict broad usage of artificial intelligence won’t happen for another two to five years, according to a HIMSS Analytics 2017 Essentials Brief.

KLAS: Providers’ Needs for Advanced Pop Health Solutions Ramp Up

Provider organizations’ needs in managing population health are as varied as the capabilities of the IT solutions designed to assist them, according to KLAS researchers following a new report.

Collen Award Goes to NLP Pioneer Carol Friedman

The American College of Medical Informatics (ACMI) will present the 2017 Morris F. Collen Award of Excellence to Carol Friedman, Ph.D., during the AMIA Annual Symposium.