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Survey: ICD-10 preparedness lacking

from By Pamela Lewis Dolan

As the deadline for switching to ICD-10 code sets inches closer, concern is growing that neither healthcare organizations nor insurers will be ready to go live by October. A survey by KPMG, a New York-based healthcare advisory firm, found the majority of health plans and providers have allocated budgets toward ICD-10 readiness and had completed impact assessments. But most had not yet conducted testing on their systems or determined how the conversion would impact revenue cycle and cash flow. more

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