Los Angeles, CA (PRWEB) February 24, 2012
The health care industry has been preparing for the scheduled October 1, 2013 conversion from ICD-9 to the ICD-10 coding system for several years. However, the Centers for Medicare and Medicaid (CMS) recently announced a delay in the scheduled implementation, creating uncertainty among health care providers, hospitals, and payers with regard to training for the new ICD-10 coding system.
To help customers prepare for the conversion PMIC has created a series of products that include free ICD-10 coding products in e-Book formats. All print versions of the PMIC ICD-9-CM 2013 editions will include both ICD-9 and ICD-10 e-Books at no charge. In addition, PMIC has created a comprehensive series of low cost ICD-10 coding products including coding books, e-Books, mapping books, and data files, all priced significantly lower than competitors.
Physicians, hospitals, insurance companies and other health care professionals who are not ready to invest in ICD-10 products will receive free copies of the ICD-10 e-Books with the purchase of ICD-9 products. In addition, PMIC is offering discounts up to 50% to customers who purchase ICD-10 products at the same time they purchase ICD-9 products.
The Health Insurance Portability and Accountability Act of 1996, commonly referred to as HIPAA, mandates the use of standardized code sets for electronic health care transactions, including processing of health insurance claims. The International Classification of Diseases, 10th Revision, known as ICD-10, is one of the code sets mandated by the HIPAA regulations.
This is a major change that will require modification of all software programs which process health insurance transactions, the maintaining of dual coding systems for continuity of care, extensive revision of policies and procedures regarding medical coding, and the training of millions of health care personnel. A study co-sponsored by the American Medical Association (AMA), the Medical Group Management Association (MGMA) and others estimated the conversion cost to be about $23,000 per physician. This amount excludes the potential losses incurred due to delayed or denied claims resulting from the incorrect use of the new coding system.
Practice Management Information Corporation (PMIC), founded in 1986, is the nation's leading independent publisher of medical coding and compliance resources with a reputation for delivering choice, quality, service and value to its health care customers. PMIC has a reputation for creative solutions to its customers needs for accurate, current and complete information delivered in easy to use formats.
PMIC is the majority owner of Medical Coding & Compliance Solutions, llc (MCCS), which offers electronic coding solutions including Flash Code® (http://flashcode.com) and is a co-sponsor of http://icd9coding.com, the #1 diagnosis coding website on the internet.