Healthcare IT News - February 2009 - (Page 6) Healthcare IT News ■ February 2009 industry news www.HealthcareITNews.com Reed E. Pew, CEO and presiers expressed disappointment at dent of the American Academy of – The Department the delay. “This further extension means Professional Coders, expressed the of Health and Human Services has extended the deadline for con- more years without the data needed stance that several insurers and verting from the ICD-9 to ICD-10 to make intelligent data-driven deci- several physician groups, including disease and billing coding set by sions related to all aspects of health- the Medical Group Management two years – from Oct. 1, 2011 to care,” said Linda Kloss, American Association, had taken with the Health Information Management proposed 2011 deadline. Oct. 1, 2013. “We believe this delay is a victoIndustry insiders received the Association CEO. “Nonetheless, government announcement last this extra time gives the industry no ry for providers, payers and coders month with IT News_HFN some excuse for 1 10/1/08 11:08 mdeon Healthcare mixed reaction –Ad_Nov08:Layout an adequate implemen- AM and allows for a more efficient tranPage 1 sition, giving the proper amount of breathed a sigh of relief, while oth- tation and compliance.” By DIana Manos, Senior Editor WASHINGTON ICD-10 deadline extended two years to 2013 Taking care of the little things makes all the difference. time to implement system a broad group of provider and coding changes without organizations and conductimpacting the daily operaed by Nachimson Advisors, tions of practices, facilities the cost for a 10-physician and payers.” practice to implement ICDICD-9 contains 17,000 10 is estimated at more codes and is expected to than $285,000. start running out of avail- Linda Kloss The estimate includes able codes next year. The ICD- the cost of training expenditures, 10 code sets contain more than new claim forms software, busi155,000 codes. ness process analysis, practice According to a study initiated by management and billing software upgrades, increases in claim inquiries and reduction in cash flow and increased documentation costs. Officials from the American Academy of Professional Coders said the transition to ICD-10 will require doctors to learn a more extensive way of documenting their work, or they could face losing reimbursements. “The increased granularity of the coding and the sharp increase in the complexity and number of codes themselves will be pretty stunning,” said Sheri Poe Bernard, head of the American Academy of Professional Coders’ national advisory board. “The last time we had anything this big was 30 years ago when ICD-9 codes were first required on paper claims,” she said. HHS last month released the new ICD-10 code set and an updated X12 standard, Version 5010, for certain electronic healthcare transactions; an updated version of the National Council for Prescription Drug Programs (NCPDP) standard, Version D.0, for electronic pharmacy-related transactions; and a standard for Medicaid pharmacy subrogation transactions. HHS extended the deadline for X12 standard, Version 5010 by 21 months to Jan. 1, 2012. Small health plans have a compliance deadline for X12, Version 5010 of Jan. 1, 2013. ■ More at HealthcareITnews.com e Connect: CoDING 0209 ● PrIvaCy Continued from page 3 We connect more providers to more payers than anyone else. But what really sets us apart is all the little things we do for both that make the business of claims and payments so much more efficient. Discover how Emdeon is changing the business of healthcare. Visit www.emdeon.com today. Simplifying the Business of Healthcare economic stimulus package that will include some funding for healthcare and healthcare IT, according to a Capitol Hill source. During his campaign, Obama promised $10 billion a year for five years toward healthcare IT, and those close to lawmakers say Congress is considering a commitment of $20 billion over the next two years in the stimulus package. David Merritt, project director for the Center for Health Transformation, said the stimulus package is changing moment to moment, and it’s unclear whether the supposed $20 billion is a down payment on the $50 billion Obama promised during his campaign or to be added on top of it. ■ More at HealthcareITnews.com e Connect: PrIVaCY 0209 Patient Access Management • Claim Management • Remittance & Payment Distribution • Patient Billing & Payment ● http://www.HealthcareITNews.com http://www.HealthcareITNews.com http://www.healthcareitnews.com/news/icd-10-deadline-extended-two-years-2013 http://www.emdeon.com http://www.emdeon.com http://www.HealthcareITNews.com http://www.healthcareitnews.com/news/coalition-presses-fro-privacy-part-stimulus-package
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