Nearly 95 percent of healthcare organizations are at or below budget for the October 1 ICD-10 transition, with the variance between budget and actual expenditures ranging from 5 percent to 15 percent, according to early results of an online ICD-10 readiness survey released by The Advisory Board Company.
In addition, 77 percent of respondents indicated that they have comprehensive budgets with specific line-item allocations. However, The Advisory Board Company notes that "with six months still to go in the process and many tests yet to run, budgets are likely to change with last-minute enhancements" and "while organizations agree on maintaining a strict budget, there's no consensus regarding how to transition across systems."
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