Version 5010 deadline approaches
As of Nov. 15, there are 46 days before the implementation of version 5010. Effective Jan. 1, 2012, physician practices will need to submit claims not only to Medicare but to all payers using version 5010 in order to be paid.
As of Nov. 15, there are 46 days before the implementation of version 5010. Effective Jan. 1, 2012, physician practices will need to submit claims not only to Medicare but to all payers using version 5010 in order to be paid.
There will be no delay in the implementation date of Jan. 1, 2012. Practices should be testing submission of electronic transactions in version 5010 with all payers right now. Practices risk disrupting their cash flow with stalled payments and claims denials if they fail to test claims in version 5010 before the implementation date.
Testing takes time and cannot be done in just a few days. To help practices get ready for the implementation of version 5010, a preparation checklist and several other informational resources are available on the CMS website, along with an interactive timeline widget.
Physicians who have not started testing yet or who have questions about the testing process can call the EDI department of CMS at 877-386-1056.