We all know that on October 1, 2015 ICD-9 will no longer be precise information in the coding world. It will soon be ICD-10. Which is considered a major long overdue upgrade. It will advance healthcare in many many ways.
Everyone is probably wondering why is ICD-10-CM and ICD-10-PCS are better alternatives? Well, ICD-10 contains the most remarkable changes in the history of ICD. Its alphanumeric format provides a better structure than ICD-9, allowing considerable space for future revision without disruption of the numbering system, much more than is possible with ICD-9-CM. Replacing ICD-9 with ICD-10 it will provide higher standard information for measuring healthcare service quality, safety, and efficacy. Doing so it will provide better data for quality measurement, and medical error reduction, outcomes measurement, clinical research, clinical, financial, and administrative performance measurement, health policy planning, operational and strategic planning and health-care delivery systems design, payment systems design and claims processing, reporting on use and effects of new medical technology, provider profiling, refinements to current reimbursement systems, such as severity-adjusted DRG system, pay for performance programs, public health and bioterrorism monitoring,
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Fewer rejected claims ICD-10 is more detailed and organized than ICD-9. Better claims and faster approvals reduced claims cycle will lower administrative costs for physicians. For surgeons the new and cutting edge procedures. The surgical code will be built on the type of surgery, body system, root operation, body part, approach, device and qualifiers. The ICD-10 codes accurately reflect the goal, the location, the steps of the procedure and no restrictions of procedural naming conventions and agreed upon methodology. Payers will cover more procedures, reject less, pay faster, and reimburse more