Payment & Practice Management  |   April 2016
ICD-10 Transition: Don’t Quit Before You Cross the Finish Line
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Patient Safety / Practice Management / Quality Improvement / Payment & Practice Management
Payment & Practice Management   |   April 2016
ICD-10 Transition: Don’t Quit Before You Cross the Finish Line
ASA Monitor 04 2016, Vol.80, 48-49.
ASA Monitor 04 2016, Vol.80, 48-49.
You are hearing a great deal about how the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) will change health care delivery and payment. Preparing for MACRA will be a major focus for physicians, specialty societies, the Centers for Medicare & Medicaid Services and everyone else involved in providing and paying for health care services. This change comes on the heels of another significant change – the transition from ICD-9-CM to ICD-10-CM/PCS.
After several delays, the transition to ICD-10-CM/PCS took place on October 1, 2015. The decision to move forward with this change was finalized in January 2009. Over the course of the six years between that announcement and the actual transition, many stakeholders expressed concerns about the effect the change would have on claims submission and processing systems. Predictions ranged from minor delays to total collapse. At this point in time, six months post-transition, we know that those who predicted a lesser degree of impact were more on target.
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