ICD10 – Companies To Gain From Health Care’s ‘Y2K’ Problem
We have been working on educating various constituencies about health care information management standards and health care reform and today we were mentioned in the Wall Street Journal regarding ICD-10.
Quoting the WSJ, “Some venture-backed information-technology companies that serve hospitals and health insurers are getting a boost from what analysts call the “Y2K” of health care. The problem is caused by a coming change in the coding system ..” “…Services has mandated that they move from ICD-9 to ICD-10 by Oct. 1, 2013.”
“The ICD-10 conversion isn’t the medical industry’s only problem.” ”…they have to update the electronic format they use to send claims back and forth–a shift from 4010A1 to 5010, a change that is mandated by Jan. 1, 2012, said Michael Arrigo, managing partner of No World Borders Inc., a consulting firm backed by Palos Verdes Venture Partners.”
You can read the full post on the Wall Street Journal here:
IT Companies Stand To Gain From Health Care’s ‘Y2K’ Problem – Venture Capital Dispatch – WSJ.
Tags: health care, HIPAA 5010 migration, ICD-10, ICD10, Y2K