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ICD-10 Basics | ICD-10 Format

Health Insurance Companies Process 1 in 5 Claims Wrong

ICD-10 Training Videos Series: ICD-10 Code Format
Episode 2

This video is the second in a series of training videos produced by Capture Billing and NueMD. The previous video offered a broad overview of ICD-10, while this and future videos will look more closely at ICD-10-CM formatting and the increasingly important role anatomy and physiology will play in successful coding.

For more than 40 years, the healthcare industry has followed the specific coding rules of ICD-9. Physicians, medical billers/coders, and even patients are used to these codes.

But with the transition to ICD-10 and the new format, those codes will soon look very, very different.

The second video in our ICD-10 training series details just how much the formatting will change.

Did you know…

  • ICD-10 codes may include up to 7 alphanumeric characters.
  • The first three characters identify a category.
  • The first character is always a letter.
  • The second and third characters can be letters or numbers.
  • The minimum number of characters for an ICD-10 code is three.

ICD-10 Reimbursement

This drastic change in code formatting means billing errors are poised to skyrocket, possibly leading to delayed and/or lowered revenues.

A recent survey by NueMD found that medical practices are most concerned about how ICD-10 implementation will affect their claims processing. So much so, that 65% noted they are “significantly or highly” concerned about how ICD-10 will alter their reimbursements.

Fortunately, coders at Capture Billing are ICD-10 certified and ready to walk your practice through the transition.

Up next in the series: Why a deeper understanding of anatomy and physiology is necessary for ICD-10 coding success. Don’t miss out on future videos! Subscribe here to be notified when the next ICD-10 training video is released.

Did this video help you see how different ICD-10 diagnosis code formatting is? How far along are you in your ICD-10 training? Leave me a note in the comments section below.

is a 20 year veteran of healthcare having managed medical practices. He advises medical practices, physicians and practice administrators on how to run their practice and manage their medical billing and revenue cycle management. Manny speaks, blogs and makes videos at www.CaptureBilling.com, a blog that is tops in the medical billing and coding field. READ MORE

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Disclaimer

The analysis of any medical billing or coding question is dependent on numerous specific facts -- including the factual situations present related to the patients, the practice, the professionals and the medical services and advice. Additionally, laws and regulations and insurance and payer policies (as well as coding itself) are subject to change. The information that has been accurate previously can be particularly dependent on changes in time or circumstances. The information contained in this web site is intended as general information only. It is not intended to serve as medical, health, legal or financial advice or as a substitute for professional advice of a medical coding professional, healthcare consultant, physician or medical professional, legal counsel, accountant or financial advisor. If you have a question about a specific matter, you should contact a professional advisor directly. CPT copyright American Medical Association. All rights reserved. CPT is a registered trademark of the American Medical Association.

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