Labs Likely to Face Expensive Conversion Costs for ICD-10

Oct 28, 2008 | Laboratory Management and Operations, Laboratory Pathology

Federal officials underestimated the costs and time needed to implement the complex new codes for ICD-10, according to a new study released last week on October 14. As a result, laboratories and physician groups can expect to incur significantly higher costs to convert from the current International Classification of Diseases, Ninth Revision (ICD-9), to ICD-10. The report by Nachimson Advisors, LLC, estimated that every provider will incur conversion costs in at least six ways. The report...
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