The October 1st implementation date for ICD-10 is approaching faster than you think, and it will undoubtedly bring with it some changes for your practice and your electronic claim filing processes. While many people fear change, we want to urge you to be open to the changes ICD-10 will bring to your practice. The new code set is designed to increase specificity in medical coding which will help with your practice’s efficiency. And, in all honesty, if you take the time to educate yourself on the changes you'll realize they aren't as intimidating as you may think.
Today we want to walk you through seven ICD-10 facts, some of them coming straight from the CMS, and two actions your practice can take to get ready, that will hopefully put you at ease about the new code set, and maybe even get you excited for the change!
7 ICD-10 Facts that Could Affect Your Eyecare Practice Efficiency
1. The ICD-10 transition date is October 1, 2015.
The implementation date for ICD-10 is October 1st, and no matter how much you will it to, the date is not going to be pushed back. The government, payers, and providers have all invested a large amount of money in the preparation for ICD-10, and pushing the date back would cause a rise in healthcare costs, so get ready!
2. You don't have to use all 68,000 codes.
Does your practice use every single code in ICD-9? No, and you won’t have to use every single code in ICD-10 either. Your practice will be focusing on a subset of the codes that is specific to eyecare, so don’t let that large new number scare you!