It’s been a hot topic for weeks, and has been passed in both the House and Senate. H.R. 4302, which delays the mandatory change to ICD-10 codes, has been passed by both the House and the Senate, and the only remaining step to pass this into law rests with President Obama signing off on this bill. What does this mean to you? Functionally, this means that the transition to ICD-10 codes would not be required – or accepted – until October 1, 2015 at the earliest. The passing of the bill also prevents the 24 percent reduction in reimbursement by Medicare that would have gone into effect March 31, 2014.
It’s important to remember that the transition to ICD-10 is not off the table permanently. The passing of this bill provides a one year reprieve, but doctors will still be faced with a transition to ICD-10 coding on October 1, 2015.
EHRs are the answer to address ICD-10. Eyefinity strongly recommends that practices continue preparing for the ICD-10 transition. We are committed to providing you with a quality solution to help you seamlessly convert to the new codes. See how Eyefinity EHR can help you easily make the switch. Request a demo today.
UPDATE: H.R. 4302 was passed by both the House and Senate in March 2014, and was signed into law by President Obama April 1, 2014. H.R. 4302 delays the requirement of ICD-10 codes until October 1, 2015.