Survey Reveals ICD-10 Costs for Small Physician Practices Significantly Lower

ICD-10 costs for small physician practices are significantly much lower than expected, according to a new study released today by the Professional Association of Health Care Office Management (PAHCOM). The survey of 276 physician practices of fewer than six providers revealed that total ICD-10 transition costs for an entire practice averaged $8,167. Per provider expenditures averaged $3,430 for a practice with a single provider to $1,838 for a practice with six providers. There were insufficient responses from larger practices with seven or more providers so these practices were not included in the analysis.

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