By Denny Flint, Director of Operations, Peak MSO
Denny is an award-winning, nationally known speaker, consultant and educator bringing his expertise “to make the complex, simple,” with over 20 years of experience leading physician practices, management service organizations, and healthcare consulting groups. He is also the author/co-author of numerous practice management books and a certified professional coder. Recently Denny released a webinar ‘Holy MACRA-Now What?’ to prepare medical groups for the new value-based world – where success hinges on the ability to collect and measure data.
The transition to ICD-10 has felt like watching a movie in slo-mo. Although it’s been more than a quarter of a century (1990 to be exact) since the World Health Organization endorsed the revised classification system, the U.S. moved at a glacial pace in adopting it. After an initial implementation date of October 1, 2011, the Centers for Medicare and Medicaid Services and Congress (CMS) took turns temporizing, pushing the final effective date to October 1, 2015. Even then, CMS squeezed out another one-year “grace period,” enabling billing under the Medicare Fee-for-Service Part B physician fee schedule to slip through using only the ICD-10 category code.