According to the World Health Organization, the ICD is important because it provides a common language for reporting and monitoring diseases. This allows the world to compare and share data in a consistent and standard way – between hospitals, regions and countries and over periods of time. It facilitates the collection and storage of data for analysis and evidence-based decision-making.
The ICD-10 codes allow for detailed classifications of patients’ conditions, injuries, and diseases. Medical coders are now equipped to capture anatomic sites, etiologies, comorbidities and complications, as well as severity of illnesses.
ICD-10-CM and ICD-10-PCS came into effect for medical claims reporting in 2015, but the two code sets primary distinctions are:
ICD-10-CM—diagnosis code set used for all healthcare settings
ICD-10-PCS—procedure code set used only in hospital inpatient settings
For further information, see the ICD-11 Frequently Asked Questions from the World Health Organization.