McKesson presented three common ICD-10 misconceptions, and what the firm considers to be the truth opposing each.
McKesson's myths, presented during a Webinar last week, overlap with ICD10Watch's own Top 5 ICD-10 myths debunked, quite naturally, though not entirely. So it's worth breaking them out for readers:
1 Myth: Vendors will take care of ICD-10 implementation. Reality: Software vendors will address technology aspects of preparing their application for ICD-10, but users will have to integrate with other applications.
[Related: CAC and ICD-10, part 2: Tech won't kill coders. Podcast: On the advent of an ICD-10 appliance.]
2 Myth: ICD-10 will not have an impact on reimbursement. Reality: The new codes sets mean more complex medical claims, so expect delays while adjusting to new methodology.
3 Myth: It's okay to wait until 2012 to start. Reality: Healthcare organizations will have to tune all clinical and financial systems implemented prior to 2012 to be ICD-10-ready.
McKesson also listed challenges healthcare organizations face in the ICD-10 conversion, including: staff training, data analysis, reporting requirements, technology enhancement and the impact it will have on reimbursement.
Indeed, an ICD10Watch reader poll determined that updating relevant IT systems and training staff sit atop the list of readers top 5 ICD-10 cost concerns.
Tom Sullivan blogs regularly at ICD10Watch.com.
