Medical Societies in some states expressed concern about the impending Oct. 1 ICD-10 deadline, claiming it will be a disaster, according to Health Data Management.
Here are six things to know:
1. The four states expressing their concerns to the Centers for Medicare and Medicaid Services are:
• California
• Florida
• New York
• Texas
2. The denied and delayed claims would result in financial disaster and bankruptcy for a large portion of small physician practices.
3. Practices are concerned about the confusion and decreased productivity resulting from ICD-10, even if the practices are fully prepared for the transition.
4. The decrease in productivity will cause a loss in revenue in thousands of dollars for physician practices and will lengthen patient waiting times.
5. The medical societies claimed many of their 125,000 combined physician and medical student members would continue efforts in Congress to stop or delay the transition to combat the repercussions of the deadline.
6. The societies enforce the American Medical Association House of Delegates' vote advocating for the establishment of a two-year grace period for ICD-10.
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