The transition to the new ICD-10 codes is a $1.64 billion adjustment for the health industry. While larger practices have more resources to make the change, the solo physician practice may still have work to do. With implementation of ICD-10 less than three months away, revenue cycle teams are breathing a little more easily since […]
To help dispel some of the myths surrounding ICD-10, the Centers for Medicare & Medicaid Services (CMS) recently talked with providers to identify common misperceptions about the transition to ICD-10. These five facts address some of the common questions and concerns CMS has heard about ICD-10: 1. The ICD-10 transition date is October 1, 2015. […]
Extending the ICD-10 transition another 12 months has been significant — estimated in the millions. It’s really hard to think of 2014 as anything but the year that Congress delayedICD-10 implementation. In March, they approved the “Protecting Access to Medicare Act of 2014.” It was a quick bill that: • Prevented a steep decrease in […]
On Oct 15th 2015, the ICD-9 code sets used to report medical diagnoses and inpatient procedures will be replaced by ICD-10 code sets. This change is REQUIRED for everyone covered by the Health Insurance Portability Accountability Act (HIPPA). While October 15, 2015 seams a long way away right now, it is not too early to […]