Among practices that have not yet started to prepare, 84 percent anticipate doing so by May. However, 27 percent reported uncertainty on how to begin preparing, and 22 percent said a lack of staff, time or resources have kept them from starting preparations.
Despite these hurdles, a vast majority (87 percent) of those surveyed reported being confident they would be prepared for the change by Oct. 1. Additionally, while two-thirds anticipate some disruption to their cash flow during the transition, few anticipate a significant impact to staff productivity.
The survey was conducted by Porter Research in the third quarter of 2013. Two-thirds of respondents were practice or billing managers, and a majority (60 percent) of respondents were from practices with 10 or fewer physicians.
More Articles on ICD-10:
Survey: Most Providers, Health Plans Haven’t Fully Determined ICD-10 Impact
How WEDI, CMS Are Easing the ICD-10 Transition
5 Notable Stories on 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.
