A clearinghouse is akin to a post office. All completed claims will have to be sent to clearinghouses for review. The clearinghouse accepts or rejects claims based on their accuracy. Claims can be transmitted to insurers only via a clearinghouse.
ICD-10 comes with greater specificity and more numerous codes. There are approximately 68,000 ICD-10 codes compared to 14,000 ICD-9 codes. Medical practices are going through immense pressure due to ICD-10 implementation.