WEDI Offers ICD-10 Help for Small Practices

March 4, 2015
The Workgroup for Electronic Data Interchange (WEDI) has released a white paper to help small providers with ICD-10 testing.

The Workgroup for Electronic Data Interchange (WEDI) has released a white paper to help small providers with ICD-10 testing.

The white paper, by WEDI’s ICD-10 Testing subworkgroup, provides physician practices with a starting point for ICD-10 testing by focusing on primary considerations and steps for external testing with payers to ensure compliance with the Oct. 1, 2015 implementation date.

In regards to small providers specifically, research from the Professional Association of Health Care Office Management, published recently in the Journal of the American Health Information Management Association, found that ICD-10 expenditures will not be as significant as once estimated. The results found that the surveyed practices spent an average of $8,167 on ICD-10 implementation, while individual providers spent an average of $3,430. According to the researchers in that study, there are now three studies documenting that ICD-10 implementation costs in small physician practices are dramatically lower than originally reported in the widely publicized American Medical Association (AMA)-funded study, which estimated the cost for a small practice to implement ICD-10 was in the range of $22,560-$105,506.  

Nonetheless, for small provider organizations, there are various challenges that this paper attempts to address. “For many small provider organizations, the uncertainties surrounding the impending ICD-10 transition can be daunting. For this reason, the ICD-10 subworkgroup has structured the paper as an easy-to-follow instructional guide, addressing the who, what, where, when, why and how of the testing process,” Devin Jopp, president and CEO, WEDI, said in a statement.

Sponsored Recommendations

Going Beyond the Smart Room: Empowering Nursing & Clinical Staff with Ambient Technology, Observation, and Documentation

Discover how ambient AI technology is revolutionizing nursing workflows and empowering clinical staff at scale. Learn about how Orlando Health implemented innovative strategies...

Enabling efficiencies in patient care and healthcare operations

Labor shortages. Burnout. Gaps in access to care. The healthcare industry has rising patient, caregiver and stakeholder expectations around customer experiences, increasing the...

Findings on the Healthcare Industry’s Lag to Adopt Technologies to Improve Data Management and Patient Care

Join us for this April 30th webinar to learn about 2024's State of the Market Report: New Challenges in Health Data Management.

Findings on the Healthcare Industry’s Lag to Adopt Technologies to Improve Data Management and Patient Care

2024's State of the Market Report: New Challenges in Health Data Management