MGMA Survey Says "Physician practices very concerned about ICD-10"

mgmalogoIn a February 5, 2014 article written by Kyle Murphy, PhD, and posted on EHRIntelligence , MGMA reports that physician practices are very concerned about ICD-10 and the approaching October 1 deadline.

Concerns are high among physician practices working to implement all the changes required to comply with ICD-10 come October 1, according to a Medical Group Management Association survey conducted last month.

“The critical coordination that must take place between practices and their software vendor, clearinghouse and health plan partners is simply not happening at the pace required for a seamless implementation. Very simply, ICD-10 is behind schedule,” MGMA President and CEO Susan L. Turney, MD, MS, FACP, FACMPE, said in a public statement.

The Legislative and Executive Advocacy Response Network (LEARN) survey of more than 570 physician group practices comprising more than 21,416 physicians show high levels of ICD-10 levels of concern in several areas. The response of “very concerned” led in five of six areas:
Changes to clinical documentation (67.6%)
• Loss of productivity of coding staff after implementation (65%)
• Loss of clinician productivity after implementation (64.8%)
• Overall cost of converting to ICD-10 (47.3%)
• Cost of upgrading or replacing practice software (35%)
The only exception to the rule was concerning having executive management support for the conversion, which was “of little concern” to 27.4 percent of respondents.
Download January 2014 ICD-10 Implementation Study:  January-2014-ICD-10-LEARN-Results.

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