The differences between ICD-9 and ICD-10 stem from the aims of the newer coding standard. Of particular interest to specialty practices, ICD-10 will much more adequately and accurately describe care and will serve much better for reimbursement purposes, for which ICD-9 was never intended. For ICD-10 to deliver these advantages, it must offer a much larger number of codes. ICD-9’s smaller format restricted its code capacity, which had simply hit its limit.
That’s why ICD-9 is being retired on October 1, 2015, in the transition to ICD-10, which affects coding for patients covered by any health insurance, not just Medicare or Medicaid. Specialty practices with insurance reimbursements need to focus only on ICD-10-CM, which is for all diagnosis coding, and can ignore hospital inpatient coding’s ICD-10-PCS.Read More