Five ICD-10 Pillars of Success for Large Physician Practices

2015-07-02

July 2, 2015

Regardless of size, many physician practices are struggling with ICD-10 implementation. Over the last couple of months, much of the industry focus has been on smaller practices. This makes sense, given the financial and operational limitations of these practices. However, large practices (i.e., those with 25 or more physicians, as defined by the Centers for Medicare & Medicaid Services, or CMS) also face their own unique challenges, the most fundamental of which is financial risk. 

Larger practices generate far more revenue than their smaller counterparts, leaving them particularly vulnerable if documentation and coding aren't ready and ICD-10 implementation doesn't go smoothly.

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