With the deadline drawing closer, you may feel as if you’re in one of the five stages of grief.
1. Denial
2. Anger
3. Bargaining
4. Depression
5. Acceptance
For people who are in the last stage, the ordeal is almost over. However, those who are still stuck at the above stages, here are some thoughts:
To the deniers and bargainers:
Experts agree that the transition is essential for the industry to move forward. The expanded code set that ICD-10 offers has benefits to physicians everywhere, even if it has exponentially grown in size. For example, the new set enables us to accurately track quality measures which would help up to more easily identify high-risk, high-cost patients that are in need of disease management in our system.
Also, majority of the world’s healthcare systems are using this code set. With adoption of this set, we will be in a better …show more content…
Moreover, it will have immense benefits in the field of medical research. With ICD-10, the EHR data can be used to quickly develop clinical advancements and thereby enhancing patient care. This will not only help providers and payers, but also government agencies. All this will result in a much more coordinated healthcare system.
To the angry and depressed:
There’s no prize for guessing the reason why people are angry or depressed about the transition. We all know the answer, it’s money. Small practices will have to spend between $55,000 and $225,000, medium practices between $200,000 and $825,000, and large practices between $2 million and $8 million for the implementation of ICD-10. Over 65% of practices are thought to belong to the upper range of those estimates. By this time, practices have invested countless dollars into this process.
No matter how much training you do, the transition will be intimidating. No one has any idea about how long will it take to search for a new code. It is estimated that the documentation time will increase by as much as
1. Denial
2. Anger
3. Bargaining
4. Depression
5. Acceptance
For people who are in the last stage, the ordeal is almost over. However, those who are still stuck at the above stages, here are some thoughts:
To the deniers and bargainers:
Experts agree that the transition is essential for the industry to move forward. The expanded code set that ICD-10 offers has benefits to physicians everywhere, even if it has exponentially grown in size. For example, the new set enables us to accurately track quality measures which would help up to more easily identify high-risk, high-cost patients that are in need of disease management in our system.
Also, majority of the world’s healthcare systems are using this code set. With adoption of this set, we will be in a better …show more content…
Moreover, it will have immense benefits in the field of medical research. With ICD-10, the EHR data can be used to quickly develop clinical advancements and thereby enhancing patient care. This will not only help providers and payers, but also government agencies. All this will result in a much more coordinated healthcare system.
To the angry and depressed:
There’s no prize for guessing the reason why people are angry or depressed about the transition. We all know the answer, it’s money. Small practices will have to spend between $55,000 and $225,000, medium practices between $200,000 and $825,000, and large practices between $2 million and $8 million for the implementation of ICD-10. Over 65% of practices are thought to belong to the upper range of those estimates. By this time, practices have invested countless dollars into this process.
No matter how much training you do, the transition will be intimidating. No one has any idea about how long will it take to search for a new code. It is estimated that the documentation time will increase by as much as