HIPAA 5010 is one small, but necessary step toward ICD-10
HIPAA Weekly Advisor, June 15, 2009
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By now, most hospitals know of the impending 2013 implementation deadline for ICD-10. What they may not know, however, is they have an even earlier compliance deadline necessary to make the transition possible.
By January 1, 2012, providers must be ready to submit claims electronically using HIPAA Version 5010—an updated national code standard for billing software that replaces Version 4010 and that can accommodate the longer and more detailed ICD-10 codes. As with 4010, the new version applies to transactions with all payers—not just with fee-for-service Medicare.
Even though ICD-10 seems to be stealing the spotlight these days, the transition to 5010 will surely begin to take center stages as hospitals realize that it is a necessary prerequisite for helping to ensure a seamless transition.
Read the full story by Lisa Eramo of HealthLeaders Media.
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