ICD-10: The Final Healthcare Market Change Agent?

This Health Industry Insights report assesses healthcare payer and vendor ICD-10 remediation plans, challenges, and solution strategies. Also presented are new business and technology scenarios likely to emerge from the combines stresses of ICD-10, the aging U.S. population, additional federal and technology mandates, and the economic slowdown. In February 2009, the Department of Health and Human Service finalized and set the long-awaited ICD-10 compliance date for October 1, 2013. ICD-10 remediation during a time of rapid business and economic changes will present challenges to the healthcare industry equal to HIPAA or Y2K.

"HII's early assessment of ICD-10 implications suggests that the regulation has the potential to be as much a market disruptor as a solution to a limited and antiquated coding scheme for reporting, cost management, and more targeted care management programs. Healthcare payers must view ICD-10 as a strategic disruptor and manage ICD-10 remediation to reassess business and technology strategies and future differentiation models," says Janice Young, Health Industry Insights program manager for Healthcare Payer Research.