ICD-10 claims denial rate at 1.6 percent, RelayHealth reports

Posted by & filed under ANSI 5010, ICD-10, Latest Healthcare News, Medicaid, Medicare, Press Releases.

Denial rates for ICD-10 claims are at about 1.6 percent, according to a report by RelayHealth Financial. Out of about 262 million claims processed between Oct. 1, 2015, and Feb. 15, 2016, which totaled $810 billion, 1.6 percent were denied, according to an announcement from the revenue cycle management solutions organization. The numbers show there has… Read more »

Enforcement Discretion Period for Use of Updated Version 5010 Transaction Standards Ended June 30, 2012

Posted by & filed under ANSI 5010, Latest Healthcare News.

The Centers for Medicare & Medicaid Services’ (CMS) Office of E-Health Standards and Services ended its enforcement discretion period for ASC X12 Version 5010 (Version 5010) standards on June 30, 2012. All HIPAA-covered entities must now be fully compliant with upgraded transaction standards for Version 5010 and NCPDP Versions D.0 and 3.0. As of July 1,… Read more »

Only 3 Days Remain in the Version 5010 Enforcement Discretion Period!

Posted by & filed under ANSI 5010, Latest Healthcare News.

The Version 5010 enforcement discretion period ends on June 30, 2012. The Version 5010 Enforcement Discretion Period ends this week, on June 30, 2012. All HIPAA-covered entities were required to upgrade to the new ASC X12 Version 5010 (Version 5010) and NCPDP Versions D.0 and 3.0 by January 1, 2012, however the Centers for Medicare &… Read more »