tci Medicare Compliance & Reimbursement - 2008 Issue 34

Industry Notes:ICD-10 Transition Could Cost $2 Million

Plus: CMS continues with competitive bidding for DME Transition to the ICD-10 diagnosis coding system may not just be a practical headache -- it could also cost you a small fortune. On Aug. 15, the Department of Health & Human Services announced its proposal to replace the ICD-9 codes with the ICD-10 series effective Oct. 1, 2011. Not only would the new code set completely overhaul your claims systems, software, and superbills -- but it could require vast training and significant outlay for your practice. An Oct. 8 study by Nachimson Advisors, LLC indicated that switching from the ICD-9...

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