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Practice Management Alert

Version 5010 Update:

Watch Out for 5010 Glitch -- Don't Expect Your Vendor to Solve the Problem

Published on Tue Jul 12, 2011

Check on your address fields now -- before mistakes on your claim forms threaten to halt your reimbursement.You should start double-checking your system's provider information and claim forms to ensure that your address fields are 5010-form compliant, or you'll face scores of denied claims once CMS starts requiring the new HIPAA 5010 forms on Jan. 1. Take a look at what you need to know now, before it becomes a major claims issue for your practice.Beware P.O Box NightmaresIf your 5010 claims list your practice's place of service as a P.O. box, your claim will be instantly denied. What's worse? If you're relying on your vendor to do all of your 5010-readiness work for you, you'll be out of luck in this department, because the vendor won't be able to make updates like this for you because they're in your system, not the vendor's data files.The back story: "Even if your [...]
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