In late 2008, Nachimson Advisors conducted a study to estimate the cost of the ICD-10 transition for physician practices. The results showed transition costs would range from an estimated $83,290 for a small practice (three physicians) to up to $2,728,780 for a large practice (100 physicians).
Based on regulatory and industry changes, a revised 2014 edition of the study projects costs at up to three times the 2008 estimates — from between $56,639 and $226,105 for the small practice up to between $2,017,151 to $8,018,364 for the large practice.
Some of the increase from the 2008 numbers was the addition of testing costs to the estimations, now considered a crucial part of the ICD-10 transition.
The full report with estimated cost breakdowns is here.
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