Claims with ICD-10 codes start churning through system
By HME News Staff
Updated Thu October 15, 2015
BRENTWOOD, Tenn. - CMS has begun returning paid electronic remittance advice or ERAs for claims submitted using ICD-10 codes, according to TeamDME!, a medical billing software company. This is welcome news to providers: 70% of respondents to a recent HME Newspoll reported concern over a disruption in cash flow. But providers aren't out of the woods yet. Depending on the type of claim, providers can expect to wait up to 30 days to receive payment, said CMS Deputy Administrator Sean Cavanaugh in a recent blog post. The transition to ICD-10 kicked off Oct. 1.
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