First few Article Sentences
Healthcare providers have plenty to worry about in 2014. Providers must attest for Meaningful Use, or else be subject to penalties in the form of Medicare payment adjustments starting in 2015. The Value-Based Modifier program kicks in for small groups of 10 or more professionals, with 2016 penalties for practices that don’t report. The Affordable Care Act has made high-deductible plans the norm, resulting in a negative impact to revenue. Not to mention the impact on systems, workflow, and financial planning that each of the above brings.
Given these challenges, most practices have received the recent news of the ICD-10 extension with relief. A poll by professional services firm KPMG LLP found that fewer than half of respondents had performed basic testing on ICD-10. In a poll of our own clients, the overwhelming majority reported they had not even begun: 1 percent were ready, 5 percent were in progress, and everyone else was planning to “start soon” or reluctant to start until they were certain about the extension.