Could ICD-10 have as big a financial impact as the mortgage crisis?
from Government Health IT
U.S. national healthcare expenditures are $2.7 trillion in 2011 and are forecasted to grow 34 percent in five years. This multi-trillion dollar economy will shift its reimbursement paradigm to ICD-10 in under 24 months. ICD-10 will introduce opportunities and risks to hospitals and health plans that may be equivalent to the $148.2 billion to $500 billion in losses to the U.S. economy in the mortgage crisis. This is because ICD-10 introduces favorable and unfavorable reimbursement results.
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