Updated 2014 ICD-10 Implementation Costs Summary

The 2014 updated cost summary can be seen below:

Typical Small Practice

Typical Medium Practice

Typical Large Practice

2018 Estimate

$83,290

$285,195

$2,728,780

2014 Estimate

Pre-implementation costs
Training

$2,700 ‐ $3,000

$4,800 ‐ $7,900

$75,100

Assessment

$4,300 ‐ $7,000

$6,535 ‐ $9,600

$19,320

Vendor/Software Upgrades

$0 ‐ $60,000

$0 ‐ $200,000

$0 ‐ $2,000,000

Process Remediation

$3,312 ‐ $6,701

$6,211 ‐ $12,990

$14,874 ‐ $31,821

Testing

$15,248 ‐ $28,805

$47,906 ‐ $93,098

$428,740 ‐ $880,660

Total Pre‐Implementation Costs

$25,560 ‐ $105,506

$65,452 ‐ $323,588

$538,034 ‐ $3,006,901

Post ImplementationCosts
Productivity Loss

$8,500 ‐ $20,250

$72,649 to $166,649

$726,487 ‐ $1,666,487

Payment Disruption

$22,579 ‐ $100,349

$75,263 ‐ $334,498

$752,630 ‐ $3,344,976

Total Post‐Implementation Costs

$31,079 ‐ $120,599

$147,912 ‐ $501,147

$1,479,117 ‐ $5,011,463

Total Costs

$56,639 ‐ $226,105

$213,364 ‐ $824,735

$2,017,151 ‐ $8,018,364

Go Back To The Article

CPC Exam Study Guide
CCA Exam Study Guide
CCS Exam Study Guide
CPB Exam Study Guide
CRC Exam Study Guide
Facebook
Twitter
LinkedIn
Pinterest

This Post Has One Comment

Comments are closed.