CollaborateMD Participates in Testing for Looming ICD-10 Transition
CollaborateMD participates in CMS End to End ICD-10 testing to help CMS evaluate readiness
ORLANDO, Fla., March 4, 2015 /PRNewswire/ -- CollaborateMD (CMD), a leading provider of easy and affordable Online Medical Billing Software and Practice Management Software, announced successful ICD-10 End to End testing with the Centers for Medicare and Medicaid Services (CMS).
After years of speculation and delays, the federal government's deadline for the healthcare sector to transition from ICD-9 to ICD-10 will finally arrive on October 1, 2015. ICD-10 is the International Classification of Diseases, 10th Revision and contains 68,000 diagnosis codes. ICD-9, the current set, only contains 13,000 diagnosis codes. The purpose of ICD-10 is to categorically identify treatment and allow for more detailed reporting and analysis. For instance, ICD-10 provides codes to distinguish between a left or right leg; ICD-9 does not.
The conversion to ICD-10 this fall could be the largest interruption in cash flow for the medical community ever. The uncertainty of success for all parties involved, from the medical provider, to the software vendor, to the insurance payer, has the looming October 1, 2015 on everyone's mind in healthcare.
"We were honored to be selected to participate in the CMS ICD-10 End to End Testing," stated Douglas Kegler, CEO and Founder of CollaborateMD. "In such an era of disruptive healthcare regularity changes, like ICD-10, testing needs to be thorough and extensive. We've learned this first hand based on past experiences with ANSI-5010."
CMD coordinated with several of their medical practices to prepare medical claims coded in ICD-9 and ICD-10 for End to End testing. The CMS testing period ran from January 5, 2015 to January 29, 2015. During this period, claims went through the complete CMS adjudication process. ANSI-5010 claim files with the ICD-10 test claims were generated from the CMD medical practice management software, which were electronically sent to CMS, via the RelayHealth clearinghouse. CMD successfully received the 277 claim status acknowledgment and the 835 electronic remittance advice.
About CollaborateMD
Since 1999, CollaborateMD's innovative cloud-based healthcare software solution has contributed to the financial success of medical practices and medical billing services across the country. CollaborateMD's solution, with its simplicity, affordable monthly fees, and 99% first pass claim rate allow thousands of medical providers to see a true return on investment.
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SOURCE CollaborateMD
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