You’ve probably heard this already, but in case you haven’t, we’ll tell you now: ICD-10 has been delayed. Again. By at least another year.
On March 31, the Senate voted to approve a bill called the Protecting Access to Medicare Act of 2014, which mainly addressed a temporary solution to the Medicare sustainable growth rate (SGR). The bill proposed a delay in Medicare reimbursement cuts of 24 percent, and the bill was signed into law by the president on April 1.
What does this have to do with ICD-10?
The Protecting Access Act included a small section stating that the Department of Health and Human Services (HHS) could not adopt ICD-10 as the nation’s standard code set until October 1, 2015 at the earliest. Since the bill passed and was signed into law in its entirety, the new ICD-10 implementation deadline went into effect as well.
So we have at least another year before ICD-10 becomes the required coding standard. In truth, though, this doesn’t have much of an effect on PracticeStudio. We’ve had ICD-10 codes in the product and available for use for the past 3 years. We would have been ready to go for the original proposed implementation deadline of October 1 of 2013 (before it was delayed the first time). We’ll certainly continue to be ready for the deadline now that it’s being repeatedly pushed back.