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
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