Contact: Benjamin Tomchik
AIA STATEMENT ON CMS DELAY IN USE OF ICD-10 CODES BY PROPERTY-CASUALTY INSURERS
WASHINGTON, D.C., June 13, 2013 – Peter Foley, AIA vice president for claims administration, issued the following statement on yesterday’s release of the Center for Medicare and Medicaid Services (CMS) ALERT for property-casualty insurers on the implementation date for their conversion to reporting of ICD-10 diagnosis under Section 111 Medicare Secondary Payer mandatory reporting. The ALERT delays the ICD-10 implementation date for property-casualty insurers until April 1, 2015, while providers of medical services must convert to ICD-10 on October 1, 2014.
Mr. Foley’s statement follows:
“AIA first requested a time lag delay from the broader ICD-10 implementation date in 2011, and has continued urging CMS to release an ALERT with this delay. It is necessary in order to give property-casualty insurers adequate time to collect the codes that must be reported. We applaud this action by the CMS, and believe that the additional time will serve to benefit accurate Section 111 reporting.”
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The American Insurance Association (AIA) is the leading property-casualty insurance trade organization, representing approximately 325 insurers that write more than $127 billion in premiums each year. AIA member companies offer all types of property - casualty insurance, including personal and commercial auto insurance, commercial property and liability coverage for small businesses, workers' compensation, homeowners' insurance, medical malpractice coverage, and product liability insurance.