CMS Estimates That a One-year Delay of ICD-10 Could Cost Between $1 billion and $6.6 billion

Posted on by CATALYSIS
On Monday, the Senate is scheduled to vote on a bill (HR 4302) that would implement a temporary fix for Medicare's sustainable growth rate formula and delay the ICD-10 compliance deadline until 2015, The Hill's "Floor Action" reports. The House-approved "doc fix" proposal, introduced by Rep. Joseph Pitts (R-Pa.), would push back the ICD-10 compliance date to 2015. The measure states, "The Secretary of Health and Human Service may not, prior to Oct. 1, 2015, adopt ICD-10 code sets as the standard for codes sets." It also cites sections in the Social Security Act and the Code of Federal Regulations, which contain the secretary's authority to mandate the new code sets. CMS estimates that a one-year delay of ICD-10 could cost between $1 billion and $6.6 billion, according to a blog post by the American Health Information Management Association, which opposes the bill (iHealthBeat, 3/27). Read full article here.

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