Thursday 23 July 2015

Is the industry ready for ICD-10 implementation?

Healthcare application development
ICD is needed to regulate codes for the medical conditions and the procedures. While many nations around the world currently using the ICD-10, the USA has yet to embrace this established practice. As ICD-10 codes are much more precise compared to ICD-9, physicians can certainly fetch even more information, it simply means that they can better learn about crucial details regarding the patient’s health as compared to ICD-9-CM. Somewhere around 660 providers along with billing companies presented about 15,000 test claims. The effective testing consistently put on track for the effective implementation of the significant step that better demonstrates the modern practice of medicine by 1st of October 2015. Healthcare professionals use codes with the ICD in order to record the health conditions of their patients and also record in-patient hospital procedures.

The USA is the only major industrialized country yet to move to ICD-10. The system of ICD-9, that is over 35 years old, restricts a number of new codes which can be created, and several ICD-9 categories are full. Providers of ICD-10 room for the code expansion, so that providers could use codes even more accurately towards patient diagnoses. While the ICD-10 date for implementation draws near, the Centers for Medicare and Medicaid Services (CMS) is expects the industry is ready for the major changes that it's going to experience because of the new coding system. It is very important that the providers are working with the resources available and also are providing required training to their staffs in order to successfully get the transition. When they are not prepared, their practices are going to be negatively affected while processing and filing claims.

In order to have health professionals updated on the time that they have prior to October 1, the CMS has started with a countdown on their website. Providers and the payers are left with a couple of months before they must change to the ICD-10 codes. Professionals in healthcare may already know the numbers of days exactly remaining to the deadline, however, many are still not as ready as they ought to be to ensure a smooth transition. The Centers for Medicare and Medicaid Services has offered many online resources such as the Road to 10 guides. Having said that, a current survey done by the Workgroup for Electronic Data Interchange (WEDI) indicated that just 25% of providers are ready, which indicates that such resources have perhaps turned out to be unhelpful or maybe haven't been used as much as they should.

Healthcare industry is starting to show concern since the implementation date gets closer, as per a study by CNBC. Small practices particularly are increasingly becoming concerned. EHR Intelligence pointed out that though there is presently so much fear growing within the healthcare industry, providers need to target on the good aspects about the new coding system that offers. For instance, it's going to enhance diagnostic codes and remove the ones that are not relevant, finally improving the entire care standard. To less than 3 months left before the state changes from ICD-9 to ICD-10 coding, CMS and the American Medical Association (AMA) declared more efforts in helping physicians to get prepared before the October 1 deadline. CMS is offering more assistance that will provide freedom in the claims auditing as well as quality reporting process since the medical community gets experience with the new ICD- 10 code set.

It is undeniable that the transitioning from ICD-9 to ICD-10 will certainly increase the number of codes from 17,000 to 140,000. This clear growth draws attentions to necessity for the providers to effectively train their practice, and it also indicates the way this new detailed data will be helpful to the physicians while effectively diagnosing their patients. As stated in the Journal of AHIMA, providers and the payers shouldn't expect for yet another ICD-10 delay, as the United States House of Representatives have recently passed the Sustainable Growth Rate (SGR) bill on a vote of 392 to 37 while not stating anything regarding a delay.

Realizing that providers of health care need help in the transition, the Centers for Medicare and Medicaid Services and the American Medical Association are trying to make certain that the physicians along with other providers are prepared prior to the transition to ICD-10 which will occur on October 1. Contacting the providers of health care all over the nation, both CMS and AMA will train providers through on-site training, educational articles, webinars and national provider calls that will help doctors along with other healthcare providers find out about the updated codes as well as get ready for the transition.

At Mindfire Solutions, we have been providing custom healthcare application development services to our esteemed clients for more than 11 years now. Our healthcare team can help you migrate from ICD 9 to ICD 10. Please feel free to write to us in case of any custom healthcare needs and we will revert back in one business day.