A press release from market research company peer60 recently predicted that billions of dollars will be spent on health technology in 2015. Based on the responses of around 1,000 hospital representatives from the United States, many of which were executives, about 60 percent of subjects expect to meet ICD-10 requirements by the end of the year.
Information from this source shows the different focuses for health technology spending that could play out over the coming months, especially in the context of the October ICD-10 deadline. The report breaks down the specific health IT professionals who plan to purchase data security of some kind by role, for example, with the highest intention among IT managers and CIOs. The c-level role had the third highest intent, the CMIO, and is more than twenty percent lower than IT managers.
Currently, popular opinion among federal lawmakers seems to suggest that the ICD-10 deadline will stay in effect and not be delayed again. Last month, Modern Healthcare reported on a congressional hearing in which the majority of a panel of healthcare officials supported the original 2015 schedule for conversion.
That source quoted Kristi Matus of Athenahealth, who said that the healthcare industry should finally see a key test of ICD-10's usefulness.
"It is decision time," she said. "Maintain the current date for ICD-10 implementation, or cancel it once and for all. Do not allow another delay."
Since it's clear that a large percentage of hospital leaders at least plan to promote IT use of some kind, providers should reach out to the experts that will enable them to meet the ICD-10 deadline in time and understand the new coding requirements more thoroughly. One option is to hire healthcare coding and consulting services for an experienced resource in IT management.