In the wake of the ICD-10 delay that took effect last week, healthcare providers, payers and other industry members are re-evaluating their preparation plans and assessing what the change means for their organizations.
HHS is now prohibited by law from requiring healthcare providers to switch to ICD-10 before Oct. 1, 2015 (the transition date was previously this October). It's still unclear whether that will be the new deadline for the transition. At a recent webinar on what's next for ICD-10, Deloitte's Center for Health Solutions polled approximately 1,250 healthcare industry professionals to gauge their reactions to the delay. Here are four key findings from the poll results:
1. When asked how they felt about the delay, 58 percent of respondents said they were disappointed, while 11 percent reported feeling relieved because their organizations were not ready for the 2014 deadline.
2. Forty-nine percent said setting the deadline for October 2015 would be the optimal scenario for their organizations, while 30 percent said finding a way to restore the October 2014 deadline would be best. Six percent thought setting the transition date beyond October 2015 would be best.
3. A majority (58 percent) of respondents said they expect their organizations to lose momentum or get off track as a result of the delay.
4. In response to the timeline change, 30 percent of respondents said they planned to stick to their original ICD-10 schedule, 26 percent expected to stop and reassess and 20 percent said they would slow down their preparation efforts.
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