This past Monday, the Department of Health and Human Services (HHS) proposed that the ICD-10 implementation deadline be extended one full year to October 1, 2014, as opposed to the original October 1, 2013 deadline.
Multiple provider groups had expressed concerns to HHS about meeting the original compliance deadline for ICD-10. The extra year would give these providers and other covered entities more time to test and prepare their systems to help ensure a smoother transition.
The announcement is part of a larger proposed rule that would establish a unique health plan identifier under the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The regulations outlined in the proposal are estimated to save health providers and insurance plans more than $4.6 billion dollars over the next decade. Once published, industry organizations will have 30 days to comment on the proposal.
For more information on the complete proposed rule, you can view the press release issued by the CMS Office of Public Affairs.
What do you think about the delay – is it too much or too little time for organizations to prepare?