ICD-10 Questions and Answers
Welcome to the ICD-10 Questions and Answers Section
The ICD-10 Question and Answer section is a teaching and learning tool from the Coding Corner for providers, coders, etc. It contains questions and answers related to ICD-10 submitted by providers, expert coding sources, other members and OMG. LLC staff.
Click any of the recently added question to read more, help answer it, or discuss that particular ICD-10 related question.
The ICD-10 coding corner question section will be continually updated to include as many ICD-10 questions and answers as possible as a part of OMG's ICD-10 implementation assistance program.
Will the ICD-10 Delay Cost Providers More?
As we all know Senate voted to delay ICD-10 for a year, will the delay actually cost Providers more than if they had continued to prepare for the transition in October ’14? With most Providers already well into their ICD-10 preparations, does it actually cost more to stop and delay now, then continue preparing next year, or will the delay allow Providers to be better prepared financially in 2015? What are your thoughts? Leave your comments and thoughts below.
Is the Senate Vote Good or Bad for ICD-10?
As we all know Senate voted to delay ICD-10 for a year, what’s your opinion on the future of ICD-10? Is it a good thing for Providers that it was delayed? Is it good or bad for Hospitals? What are your thoughts? Let us know your thoughts on the outcome of the vote. Leave your comments and thoughts below.
Is Testing the Biggest Obstacle for ICD-10?
A recent article on EHR Intelligence shows us how “testing” is one of many obstacles we face during the transition process, but is it the biggest obstacle? What are your thoughts? What do you feel is the biggest obstacle for ICD-10? Read the full article with insight from Kyle Murphy and Josh Berman Leave your comments and thoughts below.
Are You an Opponent or Proponent of ICD-10?
ICD-10 is coming whether we like it or not, but I am interested in hearing feedback from colleagues, providers, etc. Do you like or dislike the ideas behind ICD-10? Will it have a big impact on your job? Do you think we will be ready come October? Give us your insights and feedback as to how you feel about ICD-10. Comment Here ↓
When Should You Start Your Formal ICD-10 Training?
An intensive ICD-10-CM and PCS training program including book-based code selection and training on encoder usage is recommended for everyone involved in the ICD-10 transition. However, the question is when should you start your training program? Our Answer: Formal training needs to start now, but at the very least 6-9 months before the deadline of October 1st. By training for the 6-9 month period, most of the information learned will be retained once the new system goes live in October.
How Can I Budget for the ICD-10 Transition?
How can providers and other medical professionals budget for the training needed before the ICD-10 transition? Our Answer: All covered entities need to be preparing a budget for the training of coders, claims analysis employees, and any other employees having medical claim-based positions. The Department of Health and Human Services estimates total training costs for hospital medical coders at: $2,750 per full-time coder ($2,200 for lost work time, plus $550 for training expenses). $550 for part-time coders ($440 for lost work time, plus $110 for training expenses). I would also recommend budgeting for the use of outsourced coding services, at least during the peak of the transition. A third-party …
What Will Be the Financial Impact of ICD-10?
What will it cost providers to prepare and make the ICD-10 transition? Will it cause a delay in reimbursement from payers? Our Answer: I think everyone is concerned with the financial impact of ICD-10, including most providers, facilities and payers. For providers, the financial impact of training will vary significantly dependent upon the size of the practice and staff. For instance, I estimate that a practice with an in-house staff of 5 employees, including 2 full-time medical coders, should expect to spend approximately $6,500-7,000 on lost time, books, etc for the training itself. Once the transition takes place, the financial impact will turn more to reimbursement of the actual …
What are ICD-10 Mapping Tools?
We’ve heard about ICD-10 mapping tools, but what are they? What are they used for? How will they help with the transition?
Who is Affected by the Transition to ICD-10?
Am I affected by the transition to ICD-10? Who is exactly? Let us know who all you think is affected by ICD-10.
Why Should Providers Prepare for ICD-10 Now?
The ICD-10 transition is still months away isn’t it? Why would we need to prepare for it now, what’s the big deal?
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