ICD-10 Questions and Answers
Welcome to the ICD-10 Questions and Answers Section
The ICD-10 Question and Answer section is a teaching and learning tool from the Coding Corner for providers, coders, etc. It contains questions and answers related to ICD-10 submitted by providers, expert coding sources, other members and OMG. LLC staff.
Click any of the recently added question to read more, help answer it, or discuss that particular ICD-10 related question.
The ICD-10 coding corner question section will be continually updated to include as many ICD-10 questions and answers as possible as a part of OMG's ICD-10 implementation assistance program.
How Can I Budget for the ICD-10 Transition?
How can providers and other medical professionals budget for the training needed before the ICD-10 transition? Our Answer: All covered entities need to be preparing a budget for the training of coders, claims analysis employees, and any other employees having medical claim-based positions. The Department of Health and Human Services estimates total training costs for hospital medical coders at: $2,750 per full-time coder ($2,200 for lost work time, plus $550 for training expenses). $550 for part-time coders ($440 for lost work time, plus $110 for training expenses). I would also recommend budgeting for the use of outsourced coding services, at least during the peak of the transition. A third-party …
What Will Be the Financial Impact of ICD-10?
What will it cost providers to prepare and make the ICD-10 transition? Will it cause a delay in reimbursement from payers? Our Answer: I think everyone is concerned with the financial impact of ICD-10, including most providers, facilities and payers. For providers, the financial impact of training will vary significantly dependent upon the size of the practice and staff. For instance, I estimate that a practice with an in-house staff of 5 employees, including 2 full-time medical coders, should expect to spend approximately $6,500-7,000 on lost time, books, etc for the training itself. Once the transition takes place, the financial impact will turn more to reimbursement of the actual …
What are ICD-10 Mapping Tools?
We’ve heard about ICD-10 mapping tools, but what are they? What are they used for? How will they help with the transition?
Who is Affected by the Transition to ICD-10?
Am I affected by the transition to ICD-10? Who is exactly? Let us know who all you think is affected by ICD-10.
Why Should Providers Prepare for ICD-10 Now?
The ICD-10 transition is still months away isn’t it? Why would we need to prepare for it now, what’s the big deal?
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