The following excerpt was originally posted on BSMinfo.com, on March 2nd, 2015, about ICD-10 for small practices:
"While ICD-10 may be a huge expense for many of your clients, there’s a good chance that small physician practices might not end up hurting as much as first thought.
The Professional Association Of Health Care Office Management (PAHCOM) surveyed its members to gain insight into the costs around ICD-10 at small physician practices (practices with fewer than seven direct care providers).
The survey revealed that on average, smaller providers spend $8,167 overall, with a per-provider expenditure of $3,430. This is significantly lower than the American Medical Association (AMA) initially reported — an amount ranging between $22,560 and $105,506."