ICD-10 Delay Creates More Opportunities for CodeSmart™
On March 31st the Senate voted 64-35 to pass the Protecting Access to Medicare Act of 2014; H.R. 4302, a bill that will delay the implementation of ICD-10-CM/PCS by at least one year. The bill will now move to President Obama, who is expected to sign it into law.
CodeSmart™ embraces the proposed ICD-10 deadline extension as it will open the door to a wider customer base, representing a majority market share, which has not even begun their transition. This new deadline will give the industry ample time to get fully prepared, as well as further demonstrate CodeSmart’s preparedness and insulation from outside factors. CodeSmart ™ will continue to offer our diverse service training for ICD-10, as well as utilize our tools and vast resources to provide a wide range of services to enhance the provider’s entire revenue cycle.
Additionally, our online University (CodeSmart University) continues to see steady growth in our programs which provide career opportunities in medical coding. We understand that the shortage of coders will grow by the same rate previously predicted. In order to allow past, present and future students to continue to learn and refresh their skills in all of our programs, CodeSmart™ will extend access to our curriculum to the new implementation date.
Finally, outsourced coding will round out the cycle as we strive to become the country’s leading purveyor of outsourced medical coding – utilizing our involvement with Job Channel Network and Candidate Xchange. CodeSmart ™ is confident about its continued growth due to our flexibility and diversity.
275 Seventh Avenue
New York, NY 10001
Phone: (732) 536-3800
Forward Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Certain written and oral statements made by CodeSmart Holdings, Inc. may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that either expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause actual results to differ materially from anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. CodeSmart Holdings, Inc. undertakes no obligation to update these forward-looking statements after the date of this blog.