- November 19, 2018
- Posted by: Admin
- Category: Medical Coder, Medical Coding
It is true that the Medicare offered a one year period of grace and committed that it will not put a penalty on the provider even if they are not able to use the most specific diagnostic codes available provided they fall under the correct family of codes, no one was actually aware how the private insurance payers are actually going to process the new codes, during the ICD-9 to ICD-10 transition phase.
Almost 13 million ICD-10 medical claims got processed in the first month itself that was worth $25 million! It was evident with many healthcare providers that the entire fear of a drastic financial impact never really happened. Some providers did face some challenges with their EMR’s. Especially within the medical recording systems, using the appropriate manner by which electronic health record can be used and it is searchable was the pain.
The AMA clearly believes that the overall transition went well and there was no major setback with Medicare medical claims rejections. Now with the end of the flexibility period, AMA further plans to continue monitoring the process and potential changes and disruptions that can happen with more specific medical codes being required.
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