|[April 02, 2014]
Modernizing Medicine Says ICD-10 Is Here to Stay
BOCA RATON, Fla. --(Business Wire)--
Medicine, Inc., a leading provider of cloud-based,
specialty-specific electronic medical record (EMR) systems, responded
today to the "Protecting Access to Medicare Act of 2014" President
Barack Obama signed on Tuesday that prevents the Secretary of Health and
Human Services from adopting ICD-10 code sets before October 1, 2015.
"There might be a delay in the transition to ICD-10, but this doesn't
mean it's going away," said Modernizing Medicine's CEO and founder Dan
Cane in statement issued after the signing of the bill. "It's good news
for medical providers, who now have another year to get ready for the
changeover, but it doesn't mean doctors should put off preparations. We
still expect ICD-10 to happen, even if it means there is a bit of a
reprieve before it actually takes effect."
Co-founder and Chief Medical Officer Michael Sherling, M.D., who along
with Cane developed the Electronic Medical Assistant® (EMA (News - Alert)™), cautioned
that while it's tempting to breathe a sigh of relief at what feels like
a narrow escape, it's really an extension of the eleventh hour and
doctors need to get ready.
"ICD-10 isn't a compliance issue like Meaningful Use in which you
receive a penalty ifyou don't comply, instead it is a matter of
business and revenue," said Sherling. With ICD-10, there is a massive
increase in medical and diagnostic codes from 13,000 to over 140,000.
"If you don't have the right billing codes, you simply won't get paid."
Sherling recommends that providers use this added time to more
thoroughly vet the ICD-10
readiness of their technology vendors. "We have a list of questions
that we recommend providers use in their vetting process," said
Sherling, "including asking if an EMR system uses look-up tables or
General Equivalence Mappings (GEMs)." Sherling explained that many EMR
system providers have used these approaches in the scramble to have an
According to Sherling, the problem with these workarounds is that they
are tedious and may require extra steps and time, adding minutes per
patient. "This is the time to check that out, and determine if it is
really an ideal strategy for their practice" Sherling said. "Doctors
should ask to see a demonstration of how long a system takes to generate
the code and the superbill. Ideally, it should be automatically
generated with the exam note."
About Modernizing Medicine
Medicine® is transforming how healthcare information is created,
consumed and utilized in order to increase efficiency and improve
outcomes. Our product, Electronic
Medical Assistant® (EMA™), is a cloud-based, specialty-specific
electronic medical record (EMR) system with a massive library of
built-in medical content. Available as a native iPad application or from
any web-enabled Mac or PC, EMA adapts to each provider's unique style of
practice and is designed to interface with hundreds of different
practice management systems. Today, Modernizing Medicine provides
specialty-specific offerings for the dermatology, ophthalmology,
orthopedics, otolaryngology and plastic and cosmetic surgery markets,
and to more than 1,300 physician practices across the country. In 2013
Modernizing Medicine was listed on Forbes' annual ranking of America's
Most Promising Companies.
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