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Phone: +1 516 684 9823

Location

3422 Old Capitol Trail, #660 Wilmington, DE 19808
Phone: +1 516 684 9823

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RESOURCES-ICD-10 STANDARDS

ICD-10 Medical Billing

ICD-10 is the acronym for the International Statistical Classification of Diseases and Related Health Problems, 10th Revision. As of October 1, 2013, ICD-10 will replace the current ICD-9 codes, and ICD-9 codes will no longer be accepted. All HIPAA covered entities must make the change. HIPAA covered entities include: health care providers that are required to send or accept electronic transactions; clearing houses; and health plans. HIPAA covered entities attempting to use ICD-9 codes on or after October 1, 2013 will find that their claims will be denied without payment.

Velan's medical billing experts are prepared for ICD-10. We will utilize only ICD-10 codes on October 1, 2013 and thereafter.

ICD-10 codes contain up to seven alpha-numeric characters while ICD-9 codes only contain up to 5 characters. Each character represents a component that describes the medical treatment or procedure in detail. There are 35 possible values for each character: the digits 0-9 and all letters except the letter “U”.

The expanded length of ICD-10 codes enables them to convey more specific information. The system will be easy to expand and the codes’ structure makes them easier to analyze. While there are approximately 13,000 ICD-9 codes, there will be more than 68,000 ICD-10 codes.

The improvements brought about by the change from ICD-9 to ICD-10 include: the addition of information regarding ambulatory and managed care; expanded injury codes; combined diagnosis/symptom codes to better describe medical conditions; and greater specificity overall. For example, the new ICD-10 codes will allow for increased detail related to a finger amputation procedure. Under ICD-9, there is just one code for finger amputation regardless of the digit involved and the level of difficulty associated with the amputation. With ICD-10, there are distinct codes for each finger and each section of each finger, which allows the insurance company to determine the proper payment to remit for the procedure.

In addition, the new ICD-10 codes facilitate the tracking of mortality rates in conjunction with the specific diagnosis.

ICD-10

ICD-10 is the acronym for the International Statistical Classification of Diseases and Related Health Problems,

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ICD-10 STANDARDS

ICD-10 is the acronym for the International Statistical Classification of Diseases and Related Health Problems,

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