In the run-up to the October 1 ICD-10 compliance deadline, there has been a lot of discussion about how the code switchover will affect ill-prepared hospitals and physician practices, but little attention has been given to home health agencies.
Home health software vendor Axxess warns that agencies that have not performed due diligence in preparing for ICD-10 will suffer significant negative financial and administrative impacts , including claim denials, delayed payment, and reduced cash flow. Likewise, healthcare consultant DecisionHealth concludes that all corners of healthcare are affected by ICD-10, but no providers have more at stake than home health agencies.
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