The WEDI assessed the healthcare industry’s ICD-10 readiness and sent a letter to HHS Secretary Kathleen Sebelius. WEDI Chairman Jim Daley wrote that based on its recent readiness survey — which polled 778 providers, 109 health plans and 87 vendors on their ICD-10 progress — the healthcare industry is “well behind” on ICD-10 compliance guidelines. He largely attributed the slow progress to the change in compliance dates, competing internal priorities and other regulatory mandates.
Some of the main findings from WEDI’s survey included:
• More than 40 percent of provider respondents said they did not know when they would complete their impact assessment, business changes and begin external testing of ICD-10.
• Roughly 10 percent of providers expect to start external testing this year.
• Providers also listed staffing, budget and vendor readiness as obstacles to ICD-10 planning.
• A little more than 25 percent of providers said they would produce ICD-10 codes by choosing the code directly, but more than half said they would use both crosswalking (i.e., mapping a code in one code set to a code in another code set) and direct coding in their ICD-10 implementation plans.
More Articles on ICD-10:
CMS Won’t Budge on ICD-10 Deadline for 2014
Make 2013 the Year for BIG Data — Supercharging Your ICD-10 Transition Efforts
Should Healthcare Abandon 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.