Initial reaction from healthcare industry leaders to HHS' proposed extension of the ICD-10 compliance deadline by one year to Oct. 1, 2014, has been cautiously positive.
"The American Medical Association and physicians across the nation appreciate that CMS has proposed delaying the ICD-10 implementation date to Oct. 1, 2014," AMA President Dr. Peter Carmel said in a news release. "The postponement is the first of many steps that regulators need to take to reduce the number of costly, time-consuming regulatory burdens that physicians are shouldering."
"The AMA is reviewing today's proposed rule and will issue formal comments to CMS on the delayed ICD-10 deadline, as well as the standard unique health plan identifier proposed in the same rule,” the Carmel statement said. "A robust unique health plan identifier is an administrative simplification solution that has the potential to bring about significant cost savings by eliminating the ambiguity that makes healthcare transactions so costly today."