Medicaid and Medicare ANSI 5010 extension
The Centers for Medicaid and Medicare Services (CMS) announced a 90-day extension for enforcing penalties on those physicians whom have not yet converted to ANSI 5010. This opportunity will serve for physicians to familiarize themselves with the conversion to ANSI 5010 until March 31st, 2012, before acquiring penalties. However, the sooner the conversion process begins, the fewer the incurred delays in receiving reimbursements and additional paperwork for the physician and practice to be impacted with.
Minimize Cash Flow Interruptions
Converting to Version 5010 before December 31st, 2011, will save practices time and money.
"I'm betting that some organizations will think this means they don't have to implement HIPAA 5010 for another 90 days, but that would be wrong. Any claims or bills they submit after Jan 1, 2012, that are not in HIPAA 5010 will still get rejected, but this delay in enforcement will also allow them to resubmit in the appropriate HIPAA 5010 format without penalty," said AHIMA-certified coding trainer Pati Hildebrand. Practice.
The sooner the practice starts transitioning, the more time billing staff will have to work through the kinks and reduce claim rejection risks.
Transitioning to ANSI 5010 is Easy with Medisoft V17 sp2 Revenue Management
All of Medisoft V17 sp2 users will completely avoid any complications since Medisoft V17 revenue management has long been ANSI 5010 ready.
Physicians can prepare themselves for this change with Medisoft V17 sp2 highly rated customer support. Aside from hosting webinars in efforts to train physicians and staff on how to comply with Version 5010, Dibb Solutions is offering hourly support contracts to set up physicians' 5010 EDI for their clearinghouses, a required part of Version 5010 compliance.