The earlier you familiarize yourself with ICD-10-CM, the easier the transition will be – so you may want to start now.
To recap, the ICD-9 code sets, which were used to report medical diagnoses and inpatient procedures, will be replaced by ICD-10 code sets. ICD-10 is more robust and descriptive than ICD-9, which is 30 years old, and has many outdated and obsolete terms.
You may ask why ICD-10 is any different from the annual code changes
that already take place. The answer: ICD-10 codes have a completely
different structure from ICD-9 codes. ICD-9 codes are mostly numeric and
have three to five digits. ICD-10 codes are alphanumeric and contain three
to seven characters. Like ICD-9 codes, however, ICD-10 codes will be
updated every year.
Does the switch to ICD-10 affect you? More than likely. Everyone covered by
HIPAA must transition to ICD-10 – including providers and payers who do
not deal with Medicare claims. it’s important to remember that all activity that happens in a doctorâ€™s office will be covered. This is a big deal that will impact every doctor and those who arenâ€™t prepared will experience significant loss of revenue.
The deadline for the transition is October 1, 2014. To help you make the
transition, a widget for setting up a timeline for the switch to ICD-10 can be