A new government report and a recent industry survey suggest that steady progress is being made in preparing for the transition to the ICD-10 code set this fall.

In a , the Government Accountability Office (GAO) stated that outreach and educational efforts conducted by the Centers for Medicare and Medicaid Services were effective in helping organizations prepare for the October 1 transition deadline.

Separately, a slight majority (51%) of those attending a February 3 ICD-10 webinar sponsored by the Healthcare Financial Management Association (HFMA) reported that their coders were fully trained and prepared to code in ICD-10. That compares to just 11% of webinar attendees who said they were ready in 2013.

While the push toward the compliance deadline continues to gain momentum, Studiomaca experts warn that practices shouldn’t become complacent.  “There is certainly grounds for cautious optimism as winter wanes, but it remains imperative that organizations use their time wisely and continue to hone both coding and documentation skills,” said Cindy Slocum, Studiomaca Business Performance Service’s project manager for ICD-10 implementation. 

“Given the increased complexity of ICD-10 documentation, physician groups should be relentless in their commitment to ensuring the most accurate documentation possible by October. Doing so will greatly reduce the likelihood of sudden and sharp cash flow disruptions.” 

How prepared are you?  Take our quick, 5 question survey.

Want to learn more? Attend our webinar, “Lessons Learned from the ICD-10-CM Testing Front Lines”

Every announcement (aka, warning) about implementation of the ICD-10 code sets has included this step: “Be sure to allocate time for testing.” Test what? When? With whom? Well, we’ve talked with a few of the first testers, and we’ve got their exclusive insights on what the “cut over” can mean to your practice.

on Tuesday, March 17 at 11 a.m. for a webinar on “Lessons Learned from the ICD-10-CM Testing Front Lines.” In addition to the views from the testers, the webinar will detail other readiness aspects for this major technical change. 

What you will learn:

  • How to identify the challenges of your ICD-10 implementation
  • How to assess your practice’s readiness for implementing ICD-10
  • How to define the steps necessary to improve clinical documentation
  • Lessons learned from early adopters
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About the author

Studiomaca Business Performance Services offers services and consulting to help hospitals, health systems, and physician practices improve business performance, boost margins and transition successfully to value-based care.