AMA Requests 2-Year Grace Period for ICD-10 Implementation Save

Physicians at the 2015 AMA Annual Meeting passed policy calling on CMS not to withhold claim payments based on coding errors, mistakes or malfunctions in the system for two years directly following ICD-10 implementation. A 2014 (login required, see: http://www.ama-assn.org/resources/doc/washington/x-pub/icd-10-costs-for-...) AMA study conducted by Nachisom Advisors on the cost of implementing ICD-10 estimated that a small practice could see payment disruptions ranging from $22,579 to $100,349 during the first year of ICD-10 implementation. The study also estimates that a small practice could incur a 5 percent drop in revenue because of productivity loss during and after the change.