Legislative Update

The Lead Summer 2015 - Lifetime Benefit Solutions

ICD-10

Say hello to ICD-10.

It’s finally happening. On October 1, 2015, a key element of the data foundation of the United States’ health care system will be transformed. On that Thursday, we will transition from the decades old Ninth Edition of the International Classification of Diseases (ICD-9) set of diagnosis and inpatient procedure codes to the far more contemporary Tenth Edition of those code sets—or ICD-10— already used by most developed countries around the world.

The current ICD-9 code sets are out-of-date due to their limited ability to accommodate new procedures and diagnoses. ICD-10 code sets incorporate greater specificity, more clinical information and updated terminology. Providers will be required to observe HIPAAcompliant transactions in version 5010. As of October 1, all HIPAA covered entities must use the new ICD-10 code sets.

Are You Ready?
Use of ICD-10 will:

  • Improve the ability to measure health care services
  • Enhance the ability to monitor populations’ health
  • Provide better overall data and decrease the need for supporting documentation needed when submitting claims

 

Back to Current Issue   Download the PDF

the lead

The Lead: News, Views, & Industry Updates

Read the latest Lifetime Benefit Solutions newsletter to be on top of your game in the ever-changing world of workforce wellness and benefits plans.

Subscribe Now

Lifetime Benefit Solutions is a national leader in developing and delivering health-related benefits plans – partnering with our customers to deliver value and promote employee health and wellness.

Flexible employee benefit programs, intelligently and creatively customized to your company’s unique situation.