ICD-10 is often described as an “unfunded mandate.” Panelists at the HFMA conference in Las Vegas shared their estimates as to how much that mandate will cost--and the numbers are high.
Tom MacMillan, program manager at North Shore Long Island Jewish Health System, N.Y., said the price tag will be about $50 million. The number spans project management, I.T. remediation, training and other areas. Some 90 applications will be affected and need remediation, he said. The health system encompasses 14 hospitals.
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