A majority of medical groups have not completed critical software upgrades for transition to the HIPAA ANSI 5010 electronics standard, nor have they scheduled testing with health plans, according to follow-up research by the Medical Group Management Association (MGMA).
Medical practices face disruptions in claims processing and other essential administrative transactions if they don’t successfully implement ANSI 5010 by the January 1, 2012, compliance deadline.
In addition, the MGMA and AMA presidents said the following in a joint statement released April 28, 2011:
"As the date for compliance with the government’s updated standard for electronic claims transaction rapidly approaches, physicians need to have practice management software in place to that meets those standards", said the American Medical Association (AMA) President Cecil B. Wilson.
"In order to avoid cash flow disruption associated with the transition to the 5010 standard, it is critical for physician practices to convert their administrative systems and test their readiness well in advance of the compliance date," added MGMA President and CEO William F. Jesse. MD
Less than 5 months remain before the compliance date and Medworks continues to communicate our readiness to support this important transition, as well as the specific costs to permit practices to appropriately budget and plan.
ANSI 5010 is coming fast! Contact Medworks at 973.543.8600 to discuss your budget and plan.
Why upgrade now to Medisoft v17 for ANSI 5010? Can your practice afford to lose $5,000? How about $25,000? That’s the risk you run if you are not able to submit your claims by the January 1, 2012, ANSI 5010 electronic standard compliance deadline.
Is there anyone you know who would benefit from Medworks’ services? Do you know a practice that is considering outsourcing its medical billing, or perhaps evaluating new software? Are you familiar with our Medical Billing Referral Awards Program? We appreciate your consideration.
McKesson is pleased to introduce EHR Meaningful Use Guide providing configuration and end user training for practices preparing for Meaningful Use utilizing Medisoft Clinical.
Customize Your Screens
Have you customized your screens yet? You have the ability to rearrange and add columns. In the upper left corner of your screen (column header row) there is a box with a black dot. Clicking this box allows you to customize your grids and allows you to add columns, move columns, delete columns and change names.