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ICD-10 is the 10th revision of the International Statistical Classification of Diseases and Related Health Problems (ICD), a medical classification by the World Health Organization (WHO). ICD-10 codes hold critical information about abnormal findings,diseases, treating conditions, epidemiology, external causes of injury, managing health, signs and symptoms.
Benefits of ICD-10
ICD-10 advocates believe physicians and payers will derive benefits in terms of administrative costs, claims re-processing costs and decrease the number of pending claims. This will also change the way in which diseases are managed and how public health are tracked in the U.S.
The ability to provide granular data will not only boost physician reporting system but also improve research data by providing insights into patterns of diseases, treatments and outcomes.
The ICD-9 to ICD-10 transition will hugely enhance the coding accuracy, measure the quality of care, conduct clinical trials and effectively monitor resource utilization.