A recent survey by Part B News shows that providers agree that the ICD-10 switch is important and deserves special attention but they rank it low on their list of competing priorities.

Providers ranked HIPAA 5010 as their top concern. Then e-prescribing, electronic health record systems and meaningful use before the ICD-10 switch.

Some Statistics

• 33% of survey respondents admit they’ve done nothing so far with ICD-10.
• 47% plan to intensify their preparations in the next 12 months.
• 10% of providers have started to train staff.

Even though implementation is until October 2012, it is time to start preparing for the switch now. Identify potential complications and develop a plan and budget for training and implementation.

TIP #1: Begin working on a gap analysis to map out our potential performance and financial progress and pitfalls.

Tip #2: Educate yourself using webinars, CMS guidance, and buying ICD-10 manuals.

Tip #3: Make sure your software and equipment are ready for the switch.

We hope this information from ECP researchers help your billing department assure correct payment for claims.

Please contact us if you have any questions.