Many providers and hospitals are putting off ICD-10 conversions, because they are already struggling with EHR and meaningful use. Funding is another challenge. Durel has heard from people who don't think ICD-10 is a big deal. He thinks otherwise. "... if you don't get it right, you're not going to get any bills out after Oct. 1, 2013," Durel said.
Y2K Problem
"Some venture-backed companies that serve hospitals and health insurers are getting a boost from what analysts call the “Y2K” of health care. [ ICD10 ]
Sensationalism creates a sense of temporary urgency to know more. Mubarek steps down, Lady Gaga is #1, however, in health care reform more than 50% of all health care companies in the U.S. are not prepared for a new reimbursement system called ICD-10. This is a slow steady march to what could be a sensational event in the future. If a large percentage of health insurance firms and hospitals cannot submit or process claims in the new medical coding system, then it could lead to the next Federal bailout - but this time in health care not financial services.
A Corporate Advisory Board is a council of senior representatives from a handful of key clients at which future plans and strategies can be discussed frankly and confidentially. Paul Sloane, a member of the No World Borders advisory board has facilitated several of these boards for different companies
The Office of the National Coordinator for Health Information Technology published the latest list of electronic health record solutions, vendors and certifying bodies. This list is for Inpatient EHR only. Many health care providers have been distracted with electronic health record implementations and meaningful use and are just starting to work through HIPAA 5010 and ICD-10 issues now.