Burgess COMMENTARY

Peter Burgess

WHITEPAPER ... ICD-10: A Dose of Reality, a Plan for Success

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.

Download the whitepaper ICD-10: A Dose of Reality, a Plan for Success to understand:

• The structural differences between ICD-9 and ICD-10 codes

• How to phase in ICD-10

• Where to expect transition costs

• The benefits of supportive technology

Want more information about Centricity Practice Solution? Contact our sales department at +1 (888) 436-8491.

1. ICD-10 Whitepaper by GE Healthcare. 'http://truevaluemetrics.org/DBpdfs/Health/GEhealthcare/GE-centricity-practice-solution-ICD-10-Whitepaper-140920.pdf'