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ICD-10 Transition for Providers: Mitigate the Financial Risks

White Paper Published By: Health Language
Health Language
Published:  Jun 18, 2015
Type:  White Paper
Length:  5 pages

The federal government October 1, 2015 deadline for switching from ICD-9 to ICD-10 code sets for diagnoses and inpatient procedures will affect nearly every aspect of a providerís operations. Healthcare organizations must confront a number of potential pitfalls, including up to 10% increase in claims error rates, an increase in payer denial rates of up to 200% post go-live, significant underpayments or delayed payments, and poorly translated reports that compromise clinical and operational decision making.



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