FOR IMMEDIATE RELEASE
August 22, 2008
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AdvaMed Commends Proposed Adoption of ICD-10 Code Set
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WASHINGTON, D.C. – Stephen J. Ubl, president and CEO of the Advanced Medical Technology Association (AdvaMed), released the following statement today praising the U.S. Department of Health and Human Services’ announcement regarding the proposed adoption of the ICD-10 code sets:
“AdvaMed is very pleased that Secretary Michael Leavitt has released proposed regulations that will help modernize America’s health care system by implementing the ICD-10 classification system.
“The new system will improve the accuracy of the data used by CMS and private insurers for quality and public health reporting. The new set of payment codes also will better identify and describe new medical procedures and technologies and play a critical role in the movement toward a national electronic health information system, helping to eliminate inefficiencies in the health care system.
“We will continue to review the proposed regulations and plan to provide comments during the public comment period.”
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AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. Our members produce nearly 90 percent of the health care technology purchased annually in the United States and more than 50 percent purchased annually around the world. AdvaMed members range from the largest to the smallest medical technology innovators and companies. For more information, visit http://www.advamed.org/.