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July 2011

Preparing for the ICD-10 Transition

smllBox ICDReady, ICD-10 ReadyMedical practices face two significant deadlines that require planning and testing in 2011. The first deadline,January 1, 2012, is for the adoption of a new standard — the 5010 standard —for electronic claims transactions. This change must be made to accommodate regulatory changes in core billing processes such as claims submission and remission, claim status inquiry, eligibility inquiry, and transaction acknowledgment. The second deadline is the long-awaited (or long-dreaded) deadline for moving from the ICD-9 to the ICD-10 code set.