Are You Ready for Version 5010?
The 5010 standard for HIPAA transactions is effective January 1, 2012. Are you ready?
All HIPAA covered entities must make the transition. Failure to do so will prevent claims from being processed.
Providers, facilities, payers, Medicaid, EHR vendors, and other partners in the billing process have a chance to work out the bugs on August 24, 2011, the second of CMS’ National Version 5010 Testing Days (the first was June 15th).
That doesn’t mean you have to wait to test. You can contact your regional Medicare Administrative Contractor (MAC) and facilitate testing to gain a better understanding of MAC testing protocols and the transition. Successful testing is required before a “trading partner” may be “placed into production,” says CMS.
The August 24th testing day also will give providers a chance to access real-time help desk support and direct access to their MACs.
For more information about the transition to 5010, go to your MAC or the CMS website.