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After years of discussion and much deliberation, the deadline for the implementation of the ICD-10 was finally been set for October 1st 2015. From this date, it is mandatory for all healthcare establishments to use this new arrangement of codes.
Though in many ways, the change was necessary, the compulsory implementation will be a nightmare for healthcare businesses of all sizes. The new code set contains five times as many codes as its predecessor, the ICD-9. The impact of this change on all healthcare facilities is substantial and small businesses in healthcare are particularly vulnerable because they do not have the financial backing of larger organizations.
A Closer Look At How The ICD-10 Impacts Physicians
With such a massive increase in the number of codes – 5 times more – it is inevitable that a lot of...