5 Facts about the New ICD-10 Code Set

1. One in four survey respondents (26 percent) reported that they had no specific goals to leverage ICD-10 other than for claims processing
2. Approximately 59 percent of clinic and physician practices expect a significant decline in revenue, while one in four hospitals are unsure of the financial impact
3. Many respondents identified the potential benefits of moving to the new ICD-10 code, including: quality improvement (51 percent), outcome measurement (40 percent), and performance measurement (39%)
4. Only 16 percent of respondents expect higher revenue after ICD-10 implementation
5. The most significant barriers to ICD-10 implementation that were reported include: staffing and training; workflow and productivity; lack of knowledge; and cost of software upgrade

Notes: Results from a national multi-stakeholder survey conducted by eHealth Initiative and AHIMA to examine the impact of ICD-10 implementation.
Source: eHealth Initiative
Source URL: http://www.ehidc.org/reports/viewdownload/29/726.html

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