Implementation of ICD-10 codes October 1, 2015

1. F.Steinberg@UltrasonicsDiagnostics.com (347) 420-0102 www.UltrasonicsDiagnostics.com
ICD-10: FACT OR FICTION
The transition to ICD-10 is required for everyone covered by the Health Insurance Portability
Accountability Act (HIPAA). Please note, the change to ICD-10 does not affect CPT coding for outpatient
procedures and physician services. “ICD-10 Coding and Diabetes” uses diabetes as an example to show
how the code set captures important clinical details.
According to a recent study published in the Journal Of The American Health Information Management
Association, ICD-10 implementation costs can be expected to be significantly below previously estimated
figures for smaller practices.
“The research behind the report was done by the Professional Association of Health Care Office Management
(PAHCOM). 276 practices with fewer than six providers were polled. Although 276 is a relatively small sampling
in relation to the nation as a whole, PAHCOM has Chapters and members in many US states from coast-to-
coast. Across this diverse population they found that ICD-10 implementation costs per provider averaged
$3,430, and the costs to the practices themselves averaged $8,167. That's a lot lower than feared by many”.
(Sigmund Software, LLC)
There is much division on the subject of ICD-10 implementation costs. For some, they strongly believe the ICD-
10 transition in October will actually put many doctors and their practices at risk or out of business. This report,
based on tangible reported numbers rather than cost predictions, may serve to dispel some of those fears.
Much of the cost savings are a direct result to the recent prompt implementation by smaller practices of
electronic health record systems (EHR) which reduce much of the practice workload by automating much of the
paperwork and administration required for ICD-10 and Meaningful Use Attestation. In effect, they are proving
even more effective than initially predicted as more are adopted throughout the healthcare sphere.
FACTS: ICD-10 WILL PUSH FORWARD OCTOBER 1, 2015
FAILING TO PREPARE, IS PREARING YOU TO FAIL!
FYI: Make sure your vendor is CERTIFIED!!
2D Echocardiography, Vascular Duplex Imaging & Physiologic Testing