Transition Could Cost Practices Big Bucks

February 12, 2014 7:18 PM

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Transition Could Cost Practices Big Bucks

Transitioning to the new ICD-10 coding system could cost some physician practices millions of dollars, a study released Wednesday found, and the American Medical Association (AMA) is taking to social media to try to delay the move.

The analysis -- commissioned by the AMA and conducted by Nachimson Advisors, a health information technology consulting firm in Baltimore -- found that the cost to transition to the new bill-coding set could cost up to a quarter million dollars for a small practice and up to $8 million for a large p...

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