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Practice Management Alert

Payer Updates:

Prepare for Version 5010 -- Even If Your Vendor Isn't Ready Yet

Published on Mon Oct 17, 2011

Plus, BCBS of North Carolina offers EMR support.If your practice is wondering what to do if your vendors aren't ready for 5010 conversion before the deadline of Jan. 1, 2012, you aren't alone. CMS chimed in with tips on how to handle these issues during the agency's Sept. 20 Open Door Forum, and we've got the advice for you.The message: If you want to avoid a cash flow crisis, talk to your vendors and clearinghouses now -- don't wait until January, advised CMS's Denise Buenning during the call.An American Academy of Ophthalmology representative called into the forum and noted that several of her association's members were told by their vendors that they will not be ready by the deadline. She asked for tips on how the practices should deal with this situation. "There are a number of risk mitigation strategies that I think folks should be looking at right now," Buenning [...]
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