August 10, 2012

ICD-10 Final Rule Pulls into the OMB

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Like an Art Deco streamliner, ladened with hopes, angst and baggage, the ICD-10 final rule pulled into the Office of Management and Budget (OMB) Wednesday, marking the final stop on a long journey before it becomes published in the Federal Register.

 

The U.S. Department of Health’s (HHS) Centers for Medicare & Medicaid Services (CMS) sent the proposed rule to the OMB for review. On April 9, CMS published its proposed rule that would delay the required ICD-10 compliance date by one year – from Oct. 1, 2013 to Oct. 1, 2014.

HHS Secretary Kathleen Sebelius stated in a news release issued at the time that the proposed change in the compliance date would give providers and other covered entities more time to prepare and fully test their systems to ensure a smooth and coordinated transition to these new code sets.

Following the announcement of the proposed rule change, CMS reviewed approximately 500 comments from the industry before completing its draft.

“At the end of July, they (CMS) were still drafting the rule, and then it went quickly to the OMB,” Stanley Nachimson of Nachimson Advisors said. “As I recall, it was 30 days from the time the OMB received the proposed rule from CMS in March to when it was published in April  — it moved quickly.”

“I think there’s a lot of interest from the industry in seeing this as soon as possible,” Nachimson said. “The health plans would like to see it now sooner than later.”

“We're happy to see that regulators have acknowledged the need to complete a final rule on a delay to ICD-10 in a timely fashion,” Jeffrey Smith, assistant director of advocacy at the College of Healthcare Information Management Executives (CHIME), told ICD10monitor in a written statement. “The sooner OMB can finalize negotiations with CMS, the better.”

 

Next stop: the Federal Register.

All aboard?

Disclaimer: Every reasonable effort was made to ensure the accuracy of this information at the time it was published. However, due to the nature of industry changes over time we cannot guarantee its validity after the year it was published.
Chuck Buck

Chuck Buck is the publisher of ICD10monitor and is the executive producer and program host of Talk Ten Tuesdays.