CMS Agrees to ICD-10 Grace Period

icd-graphic-v1.0-06CMS Agrees to ICD-10 Grace Period – The American Medical Association and Centers for Medicare and Medicaid Services (CMS) jointly announced that an agreement has been reached on important elements of a “grace period” for the October 1, 2015, implementation of the ICD-10 diagnosis code set.

In guidance that is being transmitted, CMS announced that:

The AMA plans to monitor and keep CMS apprised of any implementation issues that persist in 2016, and will urge the agency to make any needed adjustments to the grace period policy and time line based on new information that surfaces during the implementation process.

The October 1 deadline for implementation of the ICD-10 code set is fast approaching, and time is running out for physician practices to complete their preparation. Visit the CMS website for this information and for this information.