According to a recent American Medical News article the ICD-10 implementation deadline will not be delayed again, and the October 1, 2014 deadline is final. The Centers for Medicare & Medicaid Services (CMS) wrote to the American Medical Association (AMA) explaining that there will be no additional delays because the industry must move forward with ICD-10.
According to the article, one of the main reasons the deadline remains is that an additional delay might cause more harm than good. Many healthcare organizations—private and public hospitals, health plans and physician practices—have already devoted large amounts of resources to preparing. An additional delay might cause them to lose many benefits of the investments they’ve already made in buying new technology and training staff.
The article points out that the ICD-10 transition will be hard for many, especially small physician practices, but the end results will be well worth it. Federal regulations, including ICD-10, Meaningful Use and 5010, have all been enacted to ultimately improve patient care. These regulations will also provide greater technology capabilities and will help improve administrative efficiency.
Have you started preparing for ICD-10 yet? Do you think your organization has enough time to prepare for the transition?