AMA CPT® Assistant - 2011 Issue 4 (April)
CPT Assistant Bulletin 2011
CPT Assistant Bulletin 2011 Compliance Deadline for New Version of HIPAA Administrative Transactions Approaching: Will You Be Ready? January 1, 2012, is the deadline by which all physicians, other health care providers, payers, and clearinghouses must comply with the Health Insurance Portability And Accountability Act (HIPAA) regulation to use only Version 5010 (“5010â€) electronic administrative standard transactions. Failure to be prepared for this deadline will result in rejected transactions and cash flow interruptions. Although all providers, specifically physician, may not be prepared to meet this requirement, the Centers for Medicare & Medicaid Services (CMS), which oversees the HIPAA administrative transactions...
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