Are you ready for ICD-10?

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ICD 10

• The International Classification for Diseases (ICD) are now being evolved into a new system altogether

• The ICD-10 codes include more classification of diseases than its predecessor and make use of the alphanumeric series

• ICD-9 codes have become outdated, lack specificity, and are only used by the United States

Implementation

• The process of implementing ICD-10 codes is never going to be easy

• It requires training and implementation and can take up to a year

• According to the Center for Medicare and Medicaid Services (CMS), the shift to ICD-10 broadly comprises of about two months of planning and eight to ten months of communications and testing for small and medium practices

Conclusion

• Complying with ICD-10 codes will certainly take healthcare industry in the U.S. into a new era of reforms

• Non-compliance with ICD-10 also poses many risks for stakeholders involved

• Risk of incorrect and improper payments will increase if practices stick to the old method of disease identification

• Time for implementation of ICD-10 is now, practices across the country need to start the implementation process

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