ICD-10’s sometimes overwhelming selection of code to choose from can be daunting. The vast number of the codes available will improve the care a diagnosis of patients in the healthcare industry immensely.
The healthcare industry is nervous about the transition to ICD-10. Many industry experts are using their influence to calm the industry as a whole, and help facilitate a gradual and successful shift to ICD-10.
Supporters of dual coding or Code-FLEX maintain that the bill is not to delay ICD-10 but merely to ease the transition or grace period for a short period. Many feel that these delays and leeway’s are compromising the future of ICD-10 and healthcare.
The U.S. House of Representatives will decide to extend after the ICD-10 deadline whether or not dual coding will be allowed for a period of six months. Many experts agree that dual coding is inefficient and the switch to ICD-10 codes should be enforced.
CMS releases a list of guidelines to insure that medical practices can produce valid codes. Renowned leaders in the industry still argue as to the effect that ICD-10 will have on healthcare as a whole.
ICD-10 implementation delay approved in some states, allowing some healthcare providers to use a “crosswalk” technique that converts ICD-10 codes back to ICD-9 for processing. Some well known figures in the healthcare industry are unhappy with the leeway given to these select groups.
ICD-10 deadline of October 1, 2014 is looming this article reviews steps any practice or organization can take to ease the transition, if not many problems may arise such as an increase in claim rejections and denials, billing backlogs, cash-flow delays, changes in payment and costly additional work.