Get ready for the ICD-10 codes

noreply@blogger.com (Kevin) wrote:

The switch from ICD-9 to ICD-10 codes is supposed to happen in 2011.
Providers get to look forward to almost a 10-fold jump in number of codes, but also an increase in claim denials:
HHS is predicting that claims-error rates will rise between 6 and 10 percent of all claims at the ICD-10 implementation date, up from a normal 3 percent rate typically seen for annual updates of ICD-9.
The cost of the switch will be $1.64 billion dollars. Isn’t the government supposed to take the initiative on saving administrative health care dollars, instead of allowing this bureaucratic nightmare to happen?

Read the rest of this great post here

Technorati Tags: health