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ICD-10: Building a Financial Reserve for Your Medical Practice

ICD-10: Building a Financial Reserve for Your Medical Practice

ICD-10: Building a Financial Reserve for Your Medical Practice is a great article outlining the financial strain that providers can expect to see in October…

Excerpt:

“The implementation of ICD-10 this October, which will expand the current 13,000 ICD-9 diagnosis codes to 68,000, will bring similar problems. We are already seeing warnings. In December 2013 the New York Times published the article, “Roughed Up by an Orca? There’s a Code, For That,” which discussed the potential issues that the ICD-10 rollout may bring, and the American Medical Association placed ICD-10 on its list of the top five issues plaguing physicians in 2014.

There are a number of issues you should look out for, ranging from systemic changes to computer glitches. The expansion of diagnosis codes will be an obvious problem. Individual procedure codes are already payable with a limited number of specific ICD-9 diagnosis codes.”

Authored by: Matt Dallmann on Physicians Practice

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