On March 26, the SGR bill, called HR 2, the Medicare Access and CHIP Reauthorization Act, passed with a vote of 392 to 37 and will move on to the Senate on April 13. The bill did not include any indication of an ICD-10 implementation delay, with the deadline set to October 1, 2015.
A Look into the SGR Bill:
•Makes a 21.2% decrease in Medicare payments
•Ensures a 5 year period of stable annual updates of 0.5%
•Moves Medicare to a value-based system
According to a survey, the biggest concerns regarding ICD-10 readiness are cash flow issues, staff productivity, and another possible implementation delay. Overall, 81% of providers stated they are ready for ICD-10 implementation this October.
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