ICD-10 implementation has been delayed until Oct. 1, 2015, and consists of more than 69,000 diagnosis codes and 73,000 procedure codes. This new system provides better accuracy and specificity of coding in addition to enhancing the ability to meet HIPAA transaction/code set requirements.
The benefits of ICD-10 will improve national healthcare initiatives:
Without ICD-10 data, there will be serious gaps in the ability to extract important patient health information needed to support modern-day research and move to a payment system based on quality and outcomes.
Education and training are essential pieces of a successful transition to ICD-10 as the future of many healthcare practices will be determined by how successfully they navigate to this new system.
The Centers for Medicare and Medicaid Services (CMS) will not process ICD-9 claims after Oct. 1, 2015. It’s projected that ICD-10 will result in a 100-200 percent increase in denial rates. Prepare for delays.
Contact Intalere for more information about ICD-10 training and connection to valuable resources and partners.