ICD-10 Deadline Set for October 1, 2015

Lea Chatham May 2nd, 2014

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Kareo ICD-10 ResourcesAfter weeks of waiting, CMS has finally announced that the date for ICD-10 will be October 1, 2015. According to their statement, CMS “expects to release an interim final rule in the near future that will include a new compliance date that would require the use of ICD-10 beginning Oct. 1, 2015. The rule will also require HIPAA-covered entities to continue to use ICD-9-CM through Sept. 30, 2015.”

After a month of not knowing what was going to happen this is a relief for everyone involved. When things are up in the air it makes it hard for people to make plans or seriously think about next steps. While many vendors continued with their development of tools and features for ICD-10 implementation, physician practices were more likely to be waiting for more information before taking additional steps. “The delay was a relief to those who hasn’t started preparing,” said Tom Giannulli, MD, CMIO at Kareo, in a #KareoChat on Twitter yesterday. “But there are potential benefits from ICD-10 that aren’t being realized because of it. So, it is good that we are moving forward,” he added after the announcement.

Setting a date also means practices can get back to making preparations. This delay is not a reason to be lax in planning for ICD-10. A better use of the extra time is using it to be more prepared. This is especially true for physicians who need to work on documentation improvement and billers and coders who need to get more familiar with the new coding. For the 60% or so of practices that had started their ICD-10 preparations, you can now confidently continue your preparations.

For the 40% of practices that had not begun ICD-10 planning, you can now get started with plenty of time to prepare. Tweet this Kareo story

A good first step is to take this ICD-10 assessment. Once you’re done, you can work on a plan for your specific practice. Then, you can download the ICD-10 Success Checklist and find other tools and information in this ICD-10 Resource Center.

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