ICD-10 transition successful at 80 percent of organizations: KPMG survey

October 1st’s changeover to ICD-10 – a five-fold increase in the billing codes used in healthcare – consumed a great deal of time and energy among IT, clinical and finance professionals, but a KPMG LLP survey found 80 percent of organizations said the transition has proceeded smoothly.

 “ICD-10 is the healthcare industry’s equivalent to the Y2K changeover in scope and has a profound influence on not only the billing and reimbursement, but the ability to track quality of the delivery of healthcare,” said Todd Ellis, managing director at the tax, audit and advisory firm. “This is an ongoing process, however, and this transition affects not just technology, but finance, employee training, clinical information, and other functions in healthcare.”

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