ICD-10 is not a bad word but sometimes it sounds like one. The estimates for cost of transition from ICD-9 to ICDE-10 in a small practice is expected to range from over $50,000- $80,000 according to the Nachimson Advisors Studies. However, many providers continue to drag their feet hoping the cost will go away but, from all indications, it won’t this time. The deadline for implementation of the new codes is October 1, 2014.
ICD-10 is the International Classification of Disease tenth revision. This is a coding system created by the World Health Organization that codes for diseases, signs, symptoms, complaints, social circumstances, and other clinical descriptions that are documented in the medical records of hospital and ambulatory medical settings. Most people relate the coding to medical billing. When your physician accurately codes to support clinical services this can lead to better financial reimbursement for their medical practice. Most importantly it can correctly
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