The ICD-10 diagnostic coding system has been implemented all over the world except in the US. The change in compliance date is part of a lengthy process of trying to adopt a new and unique health plan identifier (HPID). The change from ICD-9 to ICD 10 will mainly is characterized by the increment in the number of codes from the normal 18000 to 140,000.
ICD-9 is essentially out of room because its classification is organized scientifically with each three category only having 10 subcategories. Over the past decades there has been a wide revelation and development in the medical industry thus calling for new and meaningful codes.
ICD 10 Compliance Date Extension
The extension of the deadline also comes with the establishment of a unique health plan identifier (HPID) that will fall under the insurance Portability and Accountability act of 1966 (HIPAA). This new plan will be of benefit to doctors, hospitals and insurance companies in the identification of patients and guaranteeing payment of treatment carried out. Various medical processes will be totally automated thereby enabling faster delivery of services and retrieval of information, management of bills and other transactions will essentially be made easier and faster.
Current health plans and third party administrators are mainly identified from a wide range of different identifiers that do not come with a standard format thus making the process to be quite lengthy and tiresome. Time consuming problems is essentially the order of the day with ICD-9; mis-routing of transactions and rejection of bills are some of the other common cons attributed with this older plan.
ICD 10 is mainly considered as the red tape that will essentially revolutionize the health care system thus making it to be more efficient able to solve lots of problems through various processes carried out. With this kind of plans doctors will be accorded lots of time in caring their services on patients rather than feeling extraneous unnecessary forms.
ICD 10 Deadline Delays
The delay is mainly aimed at giving developer’s, providers and insurer’s ample time to prepare and test their new systems so as to ensure proper and smooth transition. The delay is “an attempt to give people some ability to re-prioritize,” because providers and insurers also must comply with multiple reform law requirements such as implementation of electronic health records, Kaveh Safavi, an Accenture managing director, told The Wall Street Journal Health Blog.
The older plan ICD-9 does not incorporate some procedures and diagnosis of which with the implementation of the new plan ICD-10 this would be a thing of the past. With the new codes for various medical procedures and diagnosis specify of diagnosis will be hastened while accuracy in reimbursement for medical services will be guaranteed. Fraud detection which has been a bugging problem will also be hastened while also able to respond perfectly to historical claims.
All covered entities by 1st October 2014 will be required to have integrated the new plan so as to ensure smooth transition over the entire health industry. Failure of any industry to integrate the new change will lead to significant negative impacts especially in the decline of claims.