ICD-10 conversion could mean data, financial losses

 In News

The coming switch to ICD-10 this fall could spell data and financial losses that could “evaporate the operating margin of a practice,” even in a medical specialty with a less code-intensive transition, according to a team of researchers from the University of Illinois at Chicago.

The changeover also could mean provider problems with issues ranging from short-term staffing and supply-chain management to multi-year quality improvement reporting, researchers said.

Under an HHS mandate, the healthcare industry must switch from the ICD-9 family of disease classifications in current use to the far larger and more complex ICD-10 codes on Oct. 1. The ICD-10-CM (clinical modification) includes more than 68,000 diagnostic codes, compared with about 14,600 codes in ICD-9-CM.

Read more: Modern Healthcare

Recommended Posts

Start typing and press Enter to search