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ICD-10 Conversion Costs Underestimated by HHS

Laboratories and physician groups to incur significant expenses when implementing ICD-10

CEO SUMMARY: Criticism of the October 1, 2011 implementation date for ICD-10 is building. Last week, a new study was released that highlights how federal officials underestimated the costs and time required to implement the complex new codes for ICD-10. One large national laboratory company estimates it will spend at least $40 million to prepare …

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