Ready or not…Here It Comes!
The U.S. Department of Health & Human Services (HHS) has designated ICD‐10 as a code set under the Health Insurance Portability & Accountability Act (HIPAA) and it will be required for use by physicians and others in the health care industry beginning October 1, 2015. The transition to ICD‐10 is expected to be much more disruptive for physicians than previous HIPAA mandates, as they must adjust their documentation and other processes.
Unlike previous HIPAA mandates where physicians could lean heavily on other partners, such as billing services, vendors, and clearinghouses, use of the new codes will require a much deeper level of involvement by the physicians themselves.
Even for the well-prepared, the transition to ICD-10 is laden with significant challenges and question marks. With ICD-10 containing more than five times the number of codes as ICD-9 and incorporating a completely different structure, the new code set will require extensive changes for healthcare professionals. Does financial chaos await? Are you prepared?
On October 1, 2015, ICD-10 will take effect as the nation’s official coding system. The Medical Group Management Association recently surveyed its members about their readiness for ICD-10 and discovered widespread difficulty in making the transition. How does your practice or facility stack up?
HTCS’s experienced team of consulting & project management professionals is ready to help. Our ICD-10 Solutions include:
- ICD-10 Risk Assessment
- ICD-10 Readiness Assessment
- Gap Analysis
- Remediation plan
- Training & Education
Contact us today to learn more!