Major insurers ready for ICD-10 claims processing
With the Oct. 1 transition to ICD-10 fast approaching, the question looms about how prepared private health insurance companies are for the change.
To measure that preparedness, the American Academy of Family Physicians (AAFP) recently surveyed four large health plans, all of which said they will be ready by the implementation deadline, AAFP News Now reported.
While the AAFP has been urging physicians to prepare for implementation of the new code sets for outpatient diagnostic coding, the group said it’s also important that private payers are ready for the transition so as not to delay payments to physicians.
In February, AAFP sent a list of questions to four health plans–UnitedHealthcare, Aetna, BlueCross BlueShield and Humana–to assess their readiness to process claims using ICD-10 codes. The survey asked questions about their testing processes and contingency plans.
Read more: FierceHealthPayer