The Department of Health and Human Services previously stipulated that organizations be ready for the new ICD-10 codes by October 1 2014. Now implementation has been pushed back to October 1 2015 at the earliest. This is a welcome reprieve for some organizations as the transition requires them to replace some 14,000 codes with around 68,000 new ones. On the other hand, those organizations already prepared for ICD-10 will see this delay as an inconvenience.
While ICD-10 conversion is a complex, resource-intensive process, it can be deliver greater benefits than maintaining compliance. In fact, Accenture Health believes that tackling ICD-10 with a proactive and strategic mindset will help better position an organization to achieve significant revenue cycle and other operational improvements. However, whether organizations are aiming for minimum compliance or taking this more strategic approach, all healthcare organizations now need to consider how to respond to the delay.