HHS Finalizes ICD-10 Deadline Delay
The ICD-10 delay is confirmed in a 208-page rule that also establishes a unique health plan identifier (HPID) for all insurers. The rule is one of a series of changes required by the Patient Protection and Affordable Care Act to cut red tape in the healthcare system. According to the press release announcing the HPID rule, the change will simplify the claims process by standardizing the identifier format.
"These new standards are a part of our efforts to help providers and health plans spend less time filling out paperwork and more time seeing their patients," HHS Secretary Kathleen Sebelius said in a press statement.
HPID's anticipated 10-year return on investment for the entire healthcare industry is expected to be between $1.3 billion and $6 billion," HHS said.
The rule is effective Nov. 5, 2012.
Margaret Dick Tocknell is a reporter/editor with HealthLeaders Media.
- Primary Care Docs Average More Hospital Revenue Than Specialists
- 69% of Employers Plan to Offer Healthcare Coverage After 2014
- How Chargemaster Data May Affect Hospital Revenue
- Q&A: Catholic Health Initiatives' New Senior VP for Capital Finance
- Building a Better Healthcare Board
- Hospital Pricing Irks Nurses; More Jobs, Less Pay
- ED Physicians Key to Half of Hospital Admissions
- CMS Seeks to 'Rapidly Reduce' Medicare Spending with $1B in Grants
- Quiet ORs Better for Patient Safety
- Insurer's App Aims to Lower Healthcare Costs, Securely