Compliance:
Let These 3 FAQs Guide Your ICD-10 Implementation Efforts
Published on Wed Jan 11, 2012
Part of your 2012 plan should include focusing on your most common codes.Despite recent rumors, CMS has no intention of delaying the implementation of ICD-10 beyond the Oct. 1, 2013 date, according to CMS's Kyle Miller. That means every physician group should be taking steps toward the transition. Keep moving in the right direction with three top FAQs based on CMS representative comments in recent CMS ICD-10 teleconferences. Know Penalties for NonparticipationQuestion: What are the penalties for entities that are covered under HIPAA who choose not to use ICD-10 codes as of Oct. 1, 2013?Answer: Your claims will be denied -- and you technically could face fines since using the ICD-10 codes falls under the HIPAA transaction code set regulations, CMS reps noted. "From a practical standpoint, as of service dates of Oct. 1, 2013, if you don't use ICD-10 codes, most likely your claims will be returned and will be [...]