ICD-10: A Dose of Reality, a Plan for Success
White Paper from GE Healthcare
Wondering how the
shift to ICD-10 may affect your organization? Transition costs for a
10-physician practice are estimated to be nearly $300,000.1 With five times more diagnostic codes than
ICD-9, adopting ICD-10 will present challenges for ambulatory practices.
The ICD-10 transition
represents a major update to how providers get paid – one that impacts almost
every aspect of service delivery, billing, claims processing and reimbursement.
ICD-10 will require testing changes in PM and EMRs, billing reporting packages,
decision and analytical tools, as well as training coders and providers.
Why prepare now for ICD-10?
While the October 1,
2014 deadline for compliance may seem to be in the distant future, an
informative whitepaper by GE Healthcare describes the importance of advance
planning and outlines a plan for success.
whitepaper to understand:
differences between ICD-9 and ICD-10 codes
How to phase in ICD-10
Where to expect
The benefits of