Premier sent a letter to CMS asking the agency to implement ICD-10-CM/PCS on October 1, 2015
For Immediate Release
Premier sent a letter to CMS asking the agency to implement ICD-10-CM/PCS on October 1, 2015, the earliest it has the authority to do so, and to quickly announce this intention to the public.
Premier’s paramount goal is to improve quality while safely reducing costs, which ICD-10 will help to achieve. ICD-10-CM/PCS accounts for increased code specificity as well as new diagnoses and procedures not covered by the current ICD-9-CM coding system. This can be foundational in supporting payments that more accurately demonstrate the acuity of the patient. Having more thorough and descriptive data will help our healthcare industry’s larger transition to rewarding providers for quality of care, resulting in the development of more robust quality measures. Additional specificity will also assist in efforts to identify risk under population health efforts. Moreover, it will help place patients in the most appropriate post-acute care setting.
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Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,750 U.S. hospitals and more than 130,000 other provider organizations. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.