Chiropractic billing and coding, products, helps, tools, advice.
Chiropractic Coding, Billing, and Reimbursement

Chiropractic Coding, Certification, and Office Solutions
Chiropractic coding and billing, insturance, reimbursement, products, helps, tools, advice.

The Industry's Top Questions about the Version 5010 Upgrade

Printer FriendlyTell a Friend

Upgrading to Version 5010 involves significant planning and preparation. The Version 5010/4010A electronic standards upgrade deadline was January 1, 2012. However, CMS enacted an enforcement discretion period through June 30, 2012 for all HIPAA-covered entities. It you haven't upgraded to Version 5010, it is important to begin testing now.

Denise Buenning, MsM, Acting Deputy Director, Office of E-health Standards & Services (OESS) recently took time to answer some of the industry's top questions on the Version 5010 upgrade.

1. Is the industry up to date with the Version 5010 upgrade and taking steps to prepare for the ICD-10 transition? Yes, we are hearing that the industry is progressing with Version 5010 implementation. We also continue to see from the Medicare Fee-For-service (FFS) group consistent increases across the board for 5010 transaction volumes and number of 5010 submitters.

 We are also hearing that the industry is continuing to take steps to prepare for ICD-10. ICD-10 is a major undertaking for providers, payers, and vendors. It will drive business and systems changes throughout the health care industry, from large national health plans to smaller provider offices, laboratories, hospitals, and more. The updates will go much more smoothly for organizations that plan ahead and prepare now. A successful upgrade to Version 5010 now and transition to ICD-10 later will be vital to transforming our nation's health care system.

 2. What steps should I take if I am behind in the upgrade to Version 5010? There are a number of things that HIPAA-covered entities should do now. Communication among plans, providers, clearinghouses, and vendors, as well as other trading partners, is critical. Below outlines three steps providers can take now:

  • Reach out to clearinghouses for assistance and/or take advantage of any free or low cost software that may be available from payers.
  • Check with payers now to see what plans they will have in place to handle incoming claims, and what interim alternatives are available.
  • Consider contacting financial institutions to establish lines of credit to get through any possible temporary interruptions in claims reimbursement as a result of not being Version 5010 compliant.

CMS has developed a fact sheet for health care providers, which discusses the risk mitigation steps in more detail.

 3. How is CMS helping the industry prepare? The Workgroup for Electronic Data Interchange (WEDI) and CMS are holding a webinar on ASCX12 5010 implementation and problem solving on May 23, 2012 from 1:00-2:30 pm ET. Registration is free. These online presentations are designed to gather feedback, track challenges and provide guidance to correcting ASC X12 5010 implementation-related issues.

 WEDI and CMS previously held a webinar on ASCX12 5010 implementation, and a replay of the webinar with the slides presented is located online.

 Additionally, the CMS website has official resources to help the industry prepare for Version 5010 and ICD-10. CMS will continue to add new tools and information to the site throughout the course of the transition.

Keep Up to Date on Version 5010 and ICD-10.
Please visit the ICD-10 website for the latest news and resources to help you prepare!

 

 

 

 

 

 

ChiroCode Alerts Newsletter
Chiropractic Coding & Billing Training - Which Course Is Right For You?


To receive our free weekly
ChiroCode Alerts newsletter by email, enter your email address and click the Subscribe button.
Also send me
Unsubscribe
Follow us on:
Featured Product

2013 ChiroCode DeskBook



Price: $129
Member Price: $109

Save time with simple, fast code searching.  Eliminate coding frustrations by getting the timely answers you need.  Avoid denials and lost payments with current, up-to-date information. 
Improve your office's bottom line.  Enhance your skills as a coder.

The support you deserve!

Order Today!
 
ChiroCode Institute, Inc. 62 E. 300 N., Spanish Fork, UT 84660
Email: comments@chirocode.com | Fax: 602-997-9755 | Phone: 602-944-9877, 800-944-9877
© ChiroCode Institute, Inc. - All Rights Reserved                  Office Hours: 8am - 5pm MST Mon - Fri