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“We don’t want to say this, but you may have to identify a contingency plan,” said Robert Tennant, senior policy advisor for the Medical Group Management Association (MGMA), on ICD-10-Monitor’s Talk Ten Tuesday broadcast last week. He told physician practices exactly the way it is, saying:

“Practices experienced rejected claims and weeks of diminished cash flow when they transitioned to 5010. ICD-10 promises to be even more difficult…,” he said. MGMA’s advice: “Establish a line of credit, avoid large expenditures, put aside cash reserves, and identify potential workarounds in case vendors aren’t ready so you can ensure your doors stay open.”

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Janis Oppelt

Janis Oppelt was the former editorial director for MedLearn Publishing.

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