ICD-10 Compliance Deadline Formally Set for October 1, 2015

Announced several weeks ago, the US Department of Health and Human Services has now formally set the new compliance date for health care providers, health plans and health care clearinghouses to transition from ICD-9 to ICD-10 through publication of the Final Rule.  According to the press release from CMS (Centers for Medicare and Medicaid Services), the new 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.”  CMS further expects the transition to ICD-10 “help to better coordinate a patient’s care across providers and over time. ICD-10 improves quality measurement and reporting, facilitates the detection and prevention of fraud, waste, and abuse, and leads to greater accuracy of reimbursement for medical services.”  More information on ICD-10 can be found here