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Vendor Won't Be Ready For 5010? Get Claims In Before 2011 Ends, CMS Advises

Published on Tue Sep 27, 2011

Plus: Could you qualify for a 5010 exemption? Do you know what to do if your vendor isn't all systems go for the 5010 conversion before the Jan. 1 deadline? CMS chimed in with tips on how to handle these issues during the agency's Sept. 20 physician Open Door Forum. The message: If you want to avoid a cash flow crisis, talk to your vendors and clearinghouses now -- don't wait until January, advised Denise Buenning with the Centers for Medicare & Medicaid Services 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. "There are a number of risk mitigation strategies that I think folks should be looking at right now," Buenning said. "One is, I've heard that some of the provider organizations are advising [...]
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