As of January 1, 2012, health care providers, payers, software vendor (e.g., Therap), and clearinghouses/third-party billers – must conduct all electronic HIPAA transactions using Version 5010 standards, according to CMS requirements.
Therap’s electronic billing system is ready to handle 5010 transactions. Therap is, and will continue to provide necessary support and training to all our users.
Looking onward the next task is to move on to ICD-10 codes for medical diagnosis and inpatient procedures by October 2013. Between then and now, a number of milestones will have to be achieved by everyone involved. A detailed timelines of activities on the path to Version 5010 and ICD-10 compliance, is provided by CMS here. CMS is also offering a desktop and mobile app for this purpose that you should definitely check out.Share