Managing ICD-10-and Healthcare Reform-Related Volatility
Dramatic change is coming to the U.S. healthcare industry, and it will permanently alter the way payers and providers work together, while upsetting basic formulas for profitability and success. In October 2013, the entire industry will convert to the 10th Revision of the World Health Organization's International Classification of Disease. ICD-10 is an unfunded mandate that will add massive complexity to healthcare claims and reimbursement systems. Just three months later-in January 2014-significant portions of Healthcare Reform will take effect, compounding the complexity.