The Centers for Medicare and Medicaid Services has set a deadline for implementation of ICD-10 by Oct. 1, 2013, which suggests hospitals should create a specific timeline for this transition. Developing a timeline can help hospitals budget and plan for system upgrades, training and testing.
Being prepared for the new code set by the deadline is critical, as the codes affect the amount and date hospitals get paid. Delaying ICD-10 preparation may result in delayed or reduced payments if the organization does not submit claims with proper codes. James Mechan, senior vice president of EDI services with Emdeon, shares a timeline that hospital leaders can use to ensure an on-time and successful transition to ICD-10.
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