We have been working on educating various constituencies about health care information management standards and health care reform and today we were mentioned in the Wall Street Journal regarding ICD-10.
Writing for the WSJ, Brian Gormley writes,
Some venture-backed information-technology companies that serve hospitals and health insurers are getting a boost from what analysts call the
Y2K of health care. The problem is caused by a coming change in the coding system…
… the Centers for Medicare and Medicaid Services [
CMS] has mandated that they move from ICD-9 to ICD-10 by Oct. 1, 2013.”
The ICD-10 conversion isn’t the medical industry’s only problem.
…they have to update the electronic format they use to send claims back and forth—a shift from 4010A1 to 5010, a change that is mandated by Jan. 1, 2012, said Michael Arrigo, managing partner of No World Borders Inc., a consulting firm backed by Palos Verdes Venture Partners.”
You can read the full post on the Wall Street Journal here: