Monday, July 1, 2013

ICD 10 State of Provider Readiness

 

The path to more complexity .

 

How Do Physician Groups Rate Their Overall Readiness for ICD-10 Implementation?

More than 55% of physician practices surveyed said they have not yet started ICD-10 implementation, according to a new report from the Medical Group Management Association.

In August 2012, HHS released a final rule that officially delayed the ICD-10 compliance date until Oct. 1, 2014.

The switch from ICD-9 to ICD-10 code sets means that health care providers and insurers will have to change out about 14,000 codes for about 69,000 codes.
This is based on a survey of 1,200 physician practices.

Source: MGMA, "ICD-10 Implementation Study, June 2013"

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Why all the fuss ?  In the interest of simplicity and understanding, see images:

 

Pros:

 

Cons:

 

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