For those of us who have been working in healthcare for a while, we have heard doomsday scenarios of how different sectors of the industry are woefully unprepared for this major tsunami called ICD-10. This includes non-HIPAA covered entities that are not covered by the Final Rule mandating compliance with ICD-10. These entities such as property and casualty insurers (think State Farm, Progressive) that pay medical benefits and therefore receive medical transactions from providers today. (A primary or secondary claim for a member that has medical coverage on their auto insurance policy). Worker’s Compensation payers all fall into this bucket.
Last night, CMS published the following announcement that those of us working on ICD-10 implementations have been waiting for with bated breath:
News Updates| July 31, 2014
Deadline for ICD-10 allows health care industry ample time to prepare for change
Deadline set for October 1, 2015
The U.S. Department of Health and Human Services (HHS) issued a rule todayfinalizing Oct. 1, 2015 as the new compliance date for health care providers, health plans, and health care clearinghouses to transition to ICD-10, the tenth revision of the International Classification of Diseases. This deadline allows providers, insurance companies and others in the health care industry time to ramp up their operations to ensure their systems and business processes are ready to go on Oct. 1, 2015.