Deferring your ICD-10 learning for a later date? Well, CMS thinks otherwise and wants you to take preparation seriously.
While some practices have tucked ICD-10 preparedness into the back of their minds, CMS wants to keep it on the forefront of yours.
Even though the ICD-10 utilization deadline isn’t over until October 1, 2013, the agency continues to remind practices that preparation now will prevent desperation in 2013. In this direction, CMS has come up with a free service that allows you to get an email notification whenever the information on its ICD-10 page is updated. As such, when the agency announces an ICD-10 webinar, transcript, article, or tip sheet, you will instantaneously get a notification through e-mail to check the site for more information.
Some time back, the site posted an executive summary of its ICD-10 vendor conference, where vendors told CMS that they have implementation plans in place for both Version 5010 and ICD-10, and are certain that they can meet the implementation deadlines. But vendors did express concern that there’s no testing period for ICD-10 before the October 1, 2013 implementation deadline.
In that direction, vendors were keen on hearing about what the payers are doing to gear up for ICD-10 as any snags on the part of the MAC could slow payments to practices.
To add to it, vendors noted that medical providers, more precisely those in small to mid-sized practices – are not focusing on ICD-10 as yet; however the vendors are of the opinion that providers should gear up for the transition because if you don’t comply, you’ll not be amongst the money.