ICD-10 Is Gonna Cost Me How Much?
Despite the immediate revenue hit, many organizations do expect that the ICD-10 conversion will ultimately pay for itself, with 25% estimating one to two years before achieving ROI. Still, 27% of healthcare leaders say they don't ever expect a return on the investment, and 26% are unsure.
In the report, Oriol closes with an interesting point: Healthcare leaders think the cost of implementing ICD-10 will be low and the potential loss of revenue will be high. So, he asks, why aren't hospitals getting on with it?
- As Medicare Advantage Cuts Loom, Disagreement Over Program's Stability
- Centralizing the Revenue Cycle Protects the Bottom Line
- Doctors Feel Pressure to Accept Risk-based Reimbursement
- CA Fines 8 Hospitals for Medical Errors
- Surgical Checklists Unused in 10% of Hospitals, CMS Data Shows
- A Fresh Look at End-of-Life Care
- Heart Attack Patient Costs Skyrocket Beyond 30 Days
- 3 in 4 Patients Want E-mail Consultations
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts
- ACGME Chief Sees 'Huge' Risk of Error in Proposed Assistant Physician Licensure