Consultancy Phoenix Health Systems recently surveyed clients and colleagues at other firms to assess challenges that hospitals with fewer than 400 beds are experiencing during the ICD-10 transition. Tom Grove, principal of consulting and compliance services at Phoenix, presents the findings:
The press has published many positive overviews about the ICD-10 transitions of the country’s largest and/or most advanced hospital systems since the October 1 go-live. This post focuses on smaller community hospitals and health systems, many of which were not as well prepared. Though it is too early to measure revenue cycle impacts, the challenges that some hospitals are having may equate to financial disruption by the end of the year.
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