Effective October 1, 2015, the World Health Organization welcomes the 10th revision to the International Statistical Classification of Diseases and Related Health Problems, better known as ICD-10.
This revision is significant because it expands the “codes” classifying diseases, signs and symptoms from 14,000 to over 72,000 different codes. Health care providers from hospitals and physicians to skilled nursing facilities and freestanding clinics have been bracing for the change with increased compliance training over the past twelve months.
Experts predict that the number of denied claims by insurers will double during the initial phase in of the new ICD-10 codes. This will cause a short term cash-flow concern for smaller providers and increased demands on coders and billing entities.
Should you have questions regarding the specifics of the changes or need assistance navigating the new codes, please contact one of the lawyers in our Health Care department.
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