Users MUST act quickly in order to protect their revenue stream and to prevent denials and rejections and duplicate data entry work.
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Tampa, FL (PRWEB) November 02, 2011
Medical Billing Software users who submit claims electronically to clearinghouses, or directly to Medicare, Blue Cross and Blue Shield, and other insurance payers are now required to updates their software to comply with Medicare ANSI 5010 new electronic claims format.
"Previous to version 17 of Mediosft, Medical Billing Software users were sending electronic claims in the old "ANSI 4010" format", says Harry Selent, President of http://www.MedicalBillingSoftware.com "The old ANSI 4010 format was used for many years and sufficed" continues Selent. "However, because of the new changes to the upcoming ICD-10 diagnosis code set, and numerous other factors due to more complex billings, the new ANSI 5010 standard was adopted and takes effect Jan 1, 2012".
Electronic medical billing software users MUST act quickly in order to protect their revenue stream and to prevent denials and rejections and duplicate data entry work- time is of the essence. Selent recommends medical offices to be "ready" for ANSI 5010. "Physicians, billing services and other medical providers should consider themselves “ready” when they have successfully completed a production submission of claims (837) and received the associated remittance (835) for these claims in compliance with the 5010 specifications."
Because of extensive time involvement in conversion, upgrading, and testing of ANSI 5010, it is highly imperative that offices that have not upgraded their software yet, do so immediately becuase of an anticipated "rush" of procrastinators and to prevent cash flow delays and denials come the deadline of Jan 1, 2012.
About http://www.MedicalBillingSoftware.com - is a national reseller of Medisoft medical billing software from McKesson. Established in 1988, the company specializes in helping single and small practice doctors and therapists maximize their revenue, reduce claim rejections, increase cash flow, and reduce A\R thru innovative software solutions.