It’s only been a month since the Centers for Medicare and Medicaid Services (CMS) required more specificity in Medicare Part B claims and released thousands of new ICD-10 codes into the wild.
icd-10-denials.jpgAnd we’re not sure what effect that has had on U.S. healthcare yet.
There is one very small set of data — and that is being very generous — about denials. An ICD10Watch poll suggests denials may be up since Oct. 1. The sample size is insignificant.
There is at least one case of a healthcare payer that couldn’t process new ICD-10 codes. So we’re looking for more signs of problems.
There is a bit of unrelated good news. RemitDATA reported that a year’s worth of ICD-10 claims was processed more quickly — by healthcare providers and payers — than the previous 12 months.
That possibly was because new IT systems needed to handle ICD-10 codes were faster than the older systems.
Hopefully, this means any new problems will be resolved more quickly than in the ICD-9 era.