Magazine article Behavioral Healthcare Executive

ICD-10: The Good, the Bad, and the Advice: Although the Field Received Confirmation of ICD-10 Delay, IT Experts Recommend Providers Not Delay the Transition

Magazine article Behavioral Healthcare Executive

ICD-10: The Good, the Bad, and the Advice: Although the Field Received Confirmation of ICD-10 Delay, IT Experts Recommend Providers Not Delay the Transition

Article excerpt

BY THE BEHAVIORAL HEALTHCARE EDITORS

Now that it has been confirmed that the transition to ICD-10 will be delayed another year, there are mixed reactions. While some providers are deeply relieved, other organizations are worried about how the delay will affect their financials.

The Washington, D.C.-based American Health Information Management Association (AHIMA) estimates that another one-year delay of ICD-10 would likely cost the industry an additional $1 billion to $6.6 billion on top of the already incurred costs from the previous one-year delay, according to Healthcare Informatics.

However, the delay is not perceived as negative by everyone. A recent report from the New York City-based global rating agency Fitch Ratings is viewed as a positive credit development for not-for-profit hospitals. Adding to the turmoil are conflicting reports on how ready payers were for the transition; some say the large payers were ready, others say that a significant amount of all payers were not.

In an April 1 blog, Lisette Wright advised Behavioral Healthcare readers of the delay proposal that blind-sided most of those following the House bill H.R. 4302, the Medicare Sustainable Growth Rate Bill. …

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