Because the deadline for ICD-10 compliance is so important, it's possible that practices might get too hung up on the specifics one day. Maybe what more providers should be asking themselves is what might happen after the fateful day occurs, especially since there's the possibility that it will be delayed.
In a piece for GovHealthIT, editor Tom Sullivan quotes Dr. John Showalter on the potential for a "blackout" after the deadline passes, one that might last hold over into the new year. In particular, he noted tardiness that the Centers for Medicaid and Medicare Services (CMS) might exhibit when it comes to this deadline.
"We don't think CMS is really going to come together to really use [ICD-10] with payers until October 2015," he said. "That's when it sets in. When CMS knows how to use this and the payers know how to use this it's going to get much, much harder."
As Health IT Outcomes explains, the American Medical Association recently assessed the amount of money that ICD-10 compliance might cost those unready practices. According to their research, some organizations might have to pay millions of dollars, perhaps even more than $8 million, to successfully meet the standards of ICD-10 in time.
The source notes that this is many times larger than the initial predictions of how much ICD-10 implementation would really cost.
Regulatory compliance consulting could be instrumental in helping practices negotiate the large payments and changing legal conditions of implementation that might prove to be major obstacles. LW Consulting can help you avoid HIPAA violations and other roadblocks to correct performance.