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PORT CHARLOTTE, FL, May 17, 2012 /24-7PressRelease/ -- Medical practice management software users have been issued a temporary reprieve from the Government, reports Harry Selent, President of www.medicalbillingsoftware.com. The government still allowed the deadline to pass without extending the deadline, however, they delayed the enforcement of the new rules for physicians, therapists, billing services, and others that submit medical electronic claims until June 30, 2012.
"The new ANSI 5010 rules are required for a number of reasons" reports Selent. "One of the main reasons is to allow for the new ICD-10 diagnosis codes to be released soon. The diagnosis codes are much longer and contain more information that the previous codes."
The upside of the delay in enforcement is that any stragglers out there that delayed purchasing an upgrade of their medical practice management software program, can still upgrade and avoid penalties for non-compliance.
Selent recommends medical and insurance billing software users contact their vendor to obtain pricing and availability of upgrading, and suggests that it is not very likely that the enforcement deadline will be extended again.
Begun in 1989 as Computerized Business Systems encourages medical offices to take advantage of the many benefits of insurance billing software and medical practice management software, and electronic medical records software.
www.medicalbillingsoftware.com specializes in helping single practice doctors, podiatrists, chiropractors, therapists, and other medical professionals and small group practices maximize their revenue, reduce claim rejections, increase cash flow, and reduce AR thru innovative medical billing software solutions and practice management software.
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