Sep 23, 2011

Tele-Town Hall Offers 5010 Advice

Shannon Moore, Dr. Malone, and Steve Levine
In case you missed it, here's an audio recap of TMA's Tele-Town Hall Meeting on the HIPAA 5010 electronic claims standards, recorded Sept. 22, 2011. TMA President C. Bruce Malone, MD, moderated the discussion, which featured presentations from TMA expert staff. Listen in to learn the details of the conversion, how to prepare to upgrade your practice management or electronic health record systems, how to develop an action plan, and the impact on your business functions.

Download the recording now.

In addition to Dr. Malone, participants included:
  • Lee Spangler, JD, TMA vice president, Medical Economics;
  • Shannon Moore, director of TMA’s Health Information Technology Department; and
  • Laura Palmer, a TMA practice management consultant
Lee Spangler and Laura Palmer
Here's an excerpt from Dr. Malone's opening remarks:
One of TMA’s goals throughout the year is to keep you up to date on new rules and regulations coming down from the federal government. It’s critical that your electronic billing system be updated by January 1, 2012, to comply with the HIPAA 5010 electronic claims standards. If NOT — Medicare, Medicaid, and the commercial insurance carriers will NOT pay your claims. This could seriously hurt your practice.

Why do we need to be HIPAA 5010 compliant, anyway? The Health Insurance Portability and Accountability Act of 1986 — or HIPAA — is the culprit. In addition to protecting our patients’ privacy, it required the federal government to institute “administrative simplification” to standardize the submission of electronic health insurance claims.

This means come January 1, the electronic standard for submitting health insurance claims will change. If you or your billing company is not submitting your claims under the new standard — known as the 5010 standard — Medicare, Medicaid, and health insurers will ignore your claims and YOU WILL NOT BE PAID.

Every physician who transmits a claim electronically for payment or who has someone else transmit a claim electronically on his or her behalf must comply.

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