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Dismay, relief greet latest ICD-10 implementation delay
On April 1, President Barack Obama signed into law the Protecting Access to Medicare Act of 2014.In addition to providing a 13-month Medicare sustained growth rate formula “patch” that prevented a 24% cut to Medicare physician payments, the legislation pushes back national implementation of the next generation of diagnosis and inpatient procedure codes, known as ICD-10. The new code set is designed to accommodate new diseases and procedures as well as be more descriptive and specific. The transition, however, requires anyone covered by the Health Insurance Portability Accountability Act to (Read more...)