We’re flying toward the ICD-10 implementation on October 1, 2015, but uncertainty regarding future delays—not to mention budgetary, staffing, and technological challenges—have caused vendors and providers to pull up on their ICD-10 preparations. According to the most recent Workgroup for Electronic Data Interchange (WEDI) survey, vendors haven’t made any progress in their preparations in the time since they participated in previous surveys. And providers? They’re actually falling behind in ICD-10 readiness.
Shockingly, a full two-thirds of the 796 providers surveyed have slowed or stopped preparation efforts, and only about 33% of providers have completed their ICD-10 risk assessments. To make matters worse, more than 25% of providers indicated that they didn’t plan to test externally until the second or third quarter of this year, and only 25% have tested with Medicare at all.
The grass on the vendor side isn’t much greener. Of the 173 vendors surveyed, only 60% are currently testing or ready for ICD-10—down 7% compared to the results of WEDI’s August 2014 survey. And just like the providers WEDI surveyed this year, 25% of vendors said they won’t be ready until the second or third quarter of 2015.
Like Robin Williams shouting, “Good morning, Vietnam!”, the results of this WEDI survey are a brash wake-up call. The switch to ICD-10 is coming, and even if it does happen to be delayed yet again, there’s no sense in delaying your preparations on the off-chance we get an extension. Take advantage of the six months we have left before the deadline, and make sure you’re as prepared as possible. Need help getting there? Check out these handy resources.