The report found that most organizations are still in the strategy and planning phases of their implementation, and a patient accounting director in the report said “meaningful use is a cakewalk compared to ICD-10.”
Other results from the study include the following:
• Some large health systems plan to spend tens of millions of dollars, while some mid-size hospitals expect their implementation to cost several million.
• The most common internal steps providers said they have taken include developing a steering committee, creating a comprehensive ICD-10 readiness strategy and developing training plans for coders, physicians, nurses and other staff.
• Roughly two-thirds of healthcare providers said they are or plan to engage with third-party firms to help with the preparation steps.
Related Articles on ICD-10:
CMS Creates Four Implementation Handbooks to Assist in ICD-10 Transition
CMS Creates Timeline Widget for HIPAA 5010, ICD-10 Planning
ICD-10: Will It Kill a Hospital’s Productivity?
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.
