If you’re a CIO or IT sourcing professional in the healthcare provider industry, you may have mixed feelings about the most recent IDC-10 deadline extension. For some providers who have done their best to ready their organization and made investments accordingly, the extension elicits frustration. Others are breathing a sigh of relief. There is no doubt that the transition from ICD-9 is a mammoth undertaking impacting virtually every aspect of the organization, especially IT.
Much of the dialogue thus far has been about provider readiness – but what about vendors? Vendor readiness for ICD-10 has been – and remains – a serious concern across the healthcare industry. At the end of 2013, the Workgroup for Electronic Data Interchange (WEDI) surveyed healthcare IT vendors. Here’s what they found:
Fast forward to mid-2014 and healthcare IT sourcing professionals are realizing that vendor readiness for ICD-10 has added another layer of complexity to the purchasing process. Even now, healthcare CIOs cannot assume their current and prospective software vendors are ICD-10 ready, and should ask the following questions:
Asking these questions is a necessary step in making sure your IT vendors can help you meet the ICD-10 deadline. They’re also necessary to prevent unexpected costs that can further raise the price of your ICD-10 readiness initiatives – both in the short-term and long-term.