As you may know, October 1 is the anniversary of the ICD-10 switch over, and thus, ends the ramp up or 'grace' period. The relaxed approach payers have taken throughout the delicate switch from ICD-9 to ICD-10 also coincides with the finalization of MIPS1
, which will come later this fall. With these initiatives looming, the question everyone is asking is simple: 'Is my organization ready to embrace these changes?
Considering the industry-wide concern ahead of the October 1, 2015 implementation of the International Classification of Disease, Tenth Edition (ICD-10) coding standards, the transition seems to have gone relatively smoothly. Generally, the worst case scenarios - interruptions in practice cash flow and negative impact on coder productivity - did not happen, which is great news to hear.
The October 1 transition to International Classification of Diseases and Conditions Volume 10 (ICD-10) is a big deal. But how do customers of radiology business management solutions actually feel about the switch on the eve of implementation?
ICD-10 has been called one of the most comprehensive healthcare initiatives in the past 30 years. With a much larger code set than ICD-9, the increased size of ICD-10 provides the ability to code medical diagnoses with better accuracy. Also, unlike ICD-9, the new code set enables providers to document and report the technology used in procedures, providing a level of granularity
that will help medical imaging deliver enhanced service to patients on initial and recurring visits.