Transcription of 5010 Information – Frequently Asked Questions - Office Ally
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5010 Information – Frequently Asked Questions - Office Ally
5010 information frequently asked questions Q: What is 5010 and when does it become effective? A: 5010 is the next generation of standards for all HIPAA-compliant electronic transaction activities used for exchanging Information with insurance companies. The original deadline was January 1st 2012 but CMS extended the deadline to March 31, 2012. Q: What is ICD-10 and when does it become effective? A: ICD codes are procedure and diagnosis coding of diseases and signs, symptoms, abnormal findings, complaints, social circumstances and external causes of injury or diseases, as classified by the World Health Organization (WHO). Medical coding in health care settings will change from ICD-9 to ICD-10. The transition will require business and system changes throughout the health care industry. Everyone who is covered by the Health Insurance Portability and Accountability Act (HIPAA) must use the new format. ICD-10 (ICD=International Classification of Diseases) is the new diagnosis and procedure code set for service dates mandated by the federal government to replace the almost 30-year-old ICD-9.
5010 Information – Frequently Asked Questions Q: What is 5010 and when does it become effective? A: 5010 is the next generation of standards for all HIPAA-compliant electronic transaction activities used
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