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PORT CHARLOTTE, FL, March 01, 2012 /24-7PressRelease/ -- "Medisoft Medical Billing Software ANSI 5010 conversion is moving along smoothly," notes Harry Selent, CEO of www.MedicalBillingSoftware.com. Although the initial deadline for compliance has passed, the government has postponed enforcement of the adoption of the new standards to March 31, 2012 to allow time for both payers and doctors to fully comply.
However, as more payers fully adopt the ANSI-5010 standards, doctors could see increased claim rejections from non-compliant claims. "Don't put your cash flow at risk" warns Selent. Verify that the latest version of your medical billing software or practice management system is able to generate ANSI5010-compliant claims.
Some payers, including Medicare, TRICARE and some state Medicaid plans, have begun rejecting electronic claims that are not in the 5010 format or do not contain certain data elements that are required for 5010. The most common rejections occur when a 9-digit ZIP code is not provided for the billing provider or service facility, or when a PO Box is used instead of a street address for the billing provider.
Selent further advises that an upgrade to the latest version of your Medisoft Medical Billing Software practice management system is the best way to submit ANSI 5010-compliant claims.
Specializes in helping single practice doctors and therapists 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. Please visit our website or call us at 888-691-8058 or 941-743-6666.
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