Navigating the ICD-10 Transition
Implementation imperative for hospitals and medical groups
On August 24, 2012, the Department of Health and Human Services (HHS) Secretary Kathleen Sebelius announced the final rule to postpone the ICD-10 implementation date to October 1, 2014, by which certain health care entities have to comply with ICD-10 as part of President Obama’s commitment to reducing regulatory burden. The transition to the ICD-10 code set presents opportunities, benefits, and challenges that providers will have to address.
As organizations review their implementation plans based on the postponed implementation date, leaders of hospitals and medical groups should keep in mind that the transition to ICD-10 requires extensive planning and coordination across the organization.
The potential magnitude of ICD-10 remediation is prompting hospital and medical group executives to rethink strategies and projects as their organizations plan for and begin ICD-10 implementation. Organizations that have completed their ICD-10 readiness assessments have discovered that the road forward presents enterprise-wide challenges that require both a strategic and tactical solution if they plan to leverage benefits from the transition.