Survey Suggests ICD-10 Delay is Favorable for Providers

A recent survey from the Workgroup for Electronic Data Interchange (pdf) found that, at the time the latest delay of ICD-10 was finalized, much of the healthcare industry was not on track to meet the originally proposed Oct. 1, 2013, compliance date.

Advertisement

In February 2012, WEDI surveyed more than 2,600 healthcare providers, health plans and vendors to assess how ready the industry was for ICD-10. The results of the survey include:

•    Roughly 50 percent of providers indicated they did not know when they would complete their ICD-10 impact assessment.

•    About 33 percent of providers expected to start external testing in 2013, although another half did not know when they would start external testing.

•    Most health plans said they do not expect to begin external testing until 2013, less than one year from the now-delayed Oct. 1, 2013 compliance date.

•    Fifty percent of vendors are less than halfway complete with ICD-10 product development.

More Articles on ICD-10:

National Library of Medicine Releases SNOMED to ICD-10-CM Map

MGMA Issues 7 ICD-10 Recommendations

In the Fog of Delay: What’s Next for ICD-10?

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.