The American Medical Association (AMA) said this week that its delegates are working to stop implementation of ICD-10.
"The implementation of ICD-10 will create significant burdens on the practice of medicine with no direct benefit to individual patients' care," Peter W. Carmel, M.D., AMA president said in a prepared statement.
Citing a 2008 study, AMA explained that projected costs of converting to the unfunded code sets mandate will cost even a three-physician practice $84,000 and slightly more than $285,000 for a 10-physician group.
As part of its statement, AMA explained that it “will continue working to help physicians keep their focus where it should be — on their patients."â€¨
Read the full story at: http://www.healthcarefinancenews.com/news/ama-pushes-back-icd-10
Sources: Health Finance News; American Medical Association