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20-Jan-2020 10:06

So, while these practices may not have to spend more money for implementation, they already spent a lot of money to be in that position—something smaller practices may not be able to do.“It cost them a lot of money to get to zero,” Tennant said.“Also, the practices least able to buy new software, will have to buy new software.”Tennant agreed that the implementation costs will vary tremendously from practice to practice, but he added that “however you slice it, it's going to be expensive.”The report was based on interviews with practices, vendors and consultants, and the new projections take in account how moving to ICD-10 will require changes to codes and systems embedded in a practice's practice management systems or the PMS included in its electronic health record.The NHS is facing constraints on care resources amid an increased demand for services as more people live longer.This is placing “existing health and social care services under increasing strain”, NHS Digital said.But costs will vary widely depending on practice circumstances.The American Medical Association-funded report was written by consultants Carolyn Hartley, president and CEO of the Physicans EHR, and Stanley Nachimson, principal for Nachimson Advisors.12 letter (PDF) asking HHS Secretary Kathleen Sebelius to reconsider the CMS mandate on ICD-10 adoption.

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In 2008, Nachimson estimated ICD-10 implementation costs at ,290 for small practices, 5,195 for medium-sized practices and more than .7 million for large ones.

Earlier this year, the MGMA released research (PDF) showing that only 9.4% of practices responding to a survey reported that they had made significant progress toward ICD-10 readiness.



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