Nearly all physician practices are doing some kind of preparation for ICD-10, but more than 25% say they don’t expect to be ready come October 1, 2014 (have your say by clicking here).
 
These early results – which come from DecisionHealth’s ongoing National Physician Practice ICD-10 Readiness Study – don’t bode well for physician practice revenue. CMS itself has projected a near-doubling of the base Medicare denial rate, from 6% to 10%, that will last up to six months after ICD-10 becomes the new standard in October 2014.
 
Top reasons for not being ready include:
  • The overlap in ICD-10 transitioning and stage 2 of Medicare’s meaningful use program for EHRs;
  • The time and cost of staff training; and,
  • A deep-seated fear about the readiness of other players, such as health plans and software vendors.
Many of your peers have taken this ongoing survey – now it’s your turn to make your voice heard! DecisionHealth will continue collecting data until July 23, and will share a complete, detailed white paper of the results with all participants.
 
Take this survey now, and lock in your free copy of the most comprehensive ICD-10 physician practice readiness study conducted.