System Upgrade: Preparing for the new ICD-10 codes in your practiceSystem Upgrade: Preparing for the new ICD-10 codes in your practice.
Impact, Private Practice Section of the American Physical Therapy Association · May 1, 2014
Many physical therapy private practices have already spent time switching from ICD-9 code sets to ICD-10 code sets, which are used to report medical diagnoses and inpatient procedures. Even though the deadline has been extended to October 2015, clinics should be financially prepared to deal with the change since American Medical News has reported that the average small practice could expect to spend $83,000 on the changeover. Most practices are challenged to understand where such costs would come from, but looking deeper into the information, therapists have realized the change to ICD-10 is more complex than first thought.