Health information managers are scrambling to put in place the new coding classification system that will change everything they do in medical coding. The one-year delay may have helped, but time goes quickly – whether you are having fun or not.
The impending ICD-10 coding classification transition is affecting all healthcare providers, but physicians are experiencing concerns that are more personal. Even though the delay was postponed until October 2014, physicians are concerned about the financial impact this new billing code system will have on their cash flow and reimbursements.
With the deadline for the ICD-10 coding classification transition getting closer and closer, only 85% of healthcare professionals are evening acknowledging the scope of the project and less than that had even started the implementation process.
Health Revenue Assurance Holdings was selected by the Summa Health System to provide ICD-10 transition services. This is another in a chain of healthcare providers moving forward towards meeting the deadline of October 2014.
If you look at the calendar and you rely on ICD coding, it is easy to see we are two years away from the much dreaded deadline for the ICD-10 implementation. Where are you in your plan for preparation and implementation?
In a few short weeks, we will be in 2013 and though the deadline was extended to October 2014, this impending year will be a busy one for healthcare providers. Getting the project to the milestones will be key to meeting the deadline with a the technology and training needed to make it successful. The American Medical Association (AMA) has provided a fact sheet to help practices establish timeframes for transition activities, breaking down the process into a series of manageable steps.
Many physicians are still not on board with the impending ICD-10 coding classification transition. There is fear around the moving deadline and worry about the added strain on their resources.
The deadline for compliance with the ICD-10 coding classification may not be until October 2014, but healthcare providers are working hard on preparing for the change. Because of this, Dolbey is hosting a series of webinars focusing on computer-assisted coding (CAC).
The fear factor increases every day we grow closer to the ICD-10 coding classification implementation. Rumors abound at the potential impact almost as much as the Y2K scare of the last decade.
Healthcare providers are looking for ways to streamline the coding process during the ICD-10 coding classification system. The challenge of the transition includes the number of codes in the new ICD-10 system - five times the number of codes in the prior set.