ICD 10 Transition Looming Large: What You Need to Know [Infographic]

Transition to ICD-10 is slated for October 2015 requiring healthcare providers, clearinghouses, payers and billing services to be prepared for this transition. Although implementation of ICD-10 is a massive shift but it is expected to help lower costs for everyone and improve the quality of care. Let’s explore through this infographic what ICD-10 is and why this transition is important.

ICD-9 to ICD-10 transition is required for everyone covered by the Health Insurance Portability Act( HIPAA) and is bound to impact many aspects of patient care, medical practice management, lab orders, EMR use and clinical studies. ICD-10 transition has significant implementation costs but long term benefits of a more accurate payment system, fewer rejected & fraudulent claims and improved disease management clearly outweighs the cost incurred on initial setup.