Last-minute tips for ICD-10 preparedness
With merely a few days left until ICD-10 goes into effect, it’s safe to presume this is the home stretch for most healthcare providers, right? Wrong.
Like students cramming for last-minute exams, many providers are waiting until the 11th hour to prep and test. In fact, according to a recent poll conducted by SERMO, a social network for physicians, 71 percent of respondents said they weren't ready for the transition.
Whether it’s a matter of limited resources or disbelief that ICD-10 is, in fact, becoming a reality, healthcare providers who aren’t ready for the transition will inevitably face revenue cycle disruptions.
However, to put things in perspective, losses in productivity from all players within the healthcare industry are expected no matter the preparedness. If you’re one of the many scrambling for ICD-10, make the most of the time you have left to curb your losses.