Despite the problems some home health agencies and hospices have been having with ICD-10 and claims processing, the Centers for Medicare & Medicaid Services is ready to declare the transition a success based on denial statistics.
Between Oct. 1 and Oct. 27, Medicare processed 4.6 million ICD-10 claims per day, and only 10.1 percent of them were denied, CMS said in an Oct. 29 release. Out of the denials, 0.1 percent were rejected due to an invalid ICD-10 code, and another 2 percent were denied because of incomplete or invalid information, according to the agency.
“CMS has been carefully monitoring the transition and is pleased to report that claims are processing normally,” the agency said.
Sources in the industry tell Eli that claims processing has been slow and cash flow disrupted.