5 Notable Surveys on ICD-10 Readiness

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As the deadline for the switch to ICD-10 draws closer, providers face more pressure to get up-to-speed on the new system and make progress in their preparation efforts.

However, despite the rapidly approaching conversion date, it seems many providers still have a long way to go before they're ready to take on the new system. Here are five surveys released in the past few months assessing healthcare organizations' progress in preparing for ICD-10.

1. Study: Half of U.S. Healthcare Providers 25% or Less Done With ICD-10 Implementation
Nearly half of U.S. healthcare providers have completed only 25 percent of less of their ICD-10 implementation process, according to a study by Aloft Group, an international brand strategy and marketing execution firm.

2. Study: Physicians' ICD-10 Transition Costs to Be Up to 3x Higher Than Expected
A revised 2014 edition of a Nachimson Advisors study found project costs at up to three times the 2008 estimates — from between $56,639 and $226,105 for the small physician practices up to between $2 million to $8 million for the large practice. 

3. MGMA: Only 10% Physician Practices Ready for ICD-10
The Medical Group Management Association conducted a study of ICD-10 readiness and found less than 10 percent of practices have made significant progress to prepare for the transition.

4. Survey: 74% of Physicians Have Not Started ICD-10 Prep
Nearly two-thirds of physician practices have not begun preparing for the ICD-10 transition, though most are optimistic about their abilities to meet the Oct. 1, 2014, deadline, according to a new survey from Navicure.

5. Survey: Most Providers, Health Plans Haven't Fully Determined ICD-10 Impact
Most healthcare providers and health plans haven't properly determined how the transition to ICD-10 will affect them, according to a poll conducted by audit, tax and advisory firm KPMG.

More Articles on ICD-10:
AMA: ICD-10 Impact Assessment Checklist
The Health IT Dreamliner 747 to ICD-10 is Ready for an On-Time Departure
5 Best Practices for ICD-10 Physician Education From Crozer-Keystone Health System 

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