Practice Management Alert

Version 5010 will replace 4010/4010A1 for electronic transactions, including claims, eligibility inquiries, and remittance advices. CMS will begin accepting 5010 forms effective Jan. 1, 2011, and use of the form will be required as of Jan. 1, 2012.If you're not ready to submit the 5010 form by Jan. 1, 2012, you will no longer be able to submit electronic transactions to Medicare and you'll quickly lose money. If you practice is submitting paper claim forms now, you should not experience a change in that paper claim form for 5010.The transition to 5010 is not just for practices that deal with Medicare.