The Impact on the Payer and System Readiness

There will be numerous challenges when implementing ICD-10-CM and ICD-10-PCS. According to a study conducted by the Robert E. Nolan Management Consulting Company, the cost to health plans for system implementation may be as high as $1 billion. The estimated cost to Medicare and Medicaid is between $7 million to $1.4 billion. This does not take into account productivity loss, training, contract re-negotiations, etc. The entire health care industry—including facilities and providers— will spend an estimated $14 billion over a two to three year period. Think about the impact the migration