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What is HIPAA 5010 Conversion

What is HIPAA 5010 Conversion? The Health Insurance Portability and Accountability Act (HIPAA) mandated that all healthcare clearing houses, healthcare providers, and health plans must comply with new electronic transaction standard, which is version 5010. Moving away from 4010 format, HIPAA 5010 which went into effect from Jan 1, 2012, makes sure that healthcare transactions can ably support new and dynamic developments in healthcare management like ICD- 10 code set changes, etc.

HIPAA requires healthcare entities that conduct specific healthcare transactions like electronic claim submissions, remittance advice, claim status inquiry, payments to providers, eligibility/benefits requests, referral requests and responses, health plan enrollment and dis-enrollment, benefit and premium payment coordination, and responses and claim remittances to use Version 5010.

In these unprecedented times, Vee Technologies is committed to doing our part to help those in need. With the ongoing spread of COVID-19 (coronavirus) and the incredible speed at which things are changing around us, organizations are continually adapting their operations and business structure. Vee Technologies has the experience and capability to help your organization through this difficult time. We've expanded our continuity plan and infrastructure to accommodate the current business needs. Please do not hesitate to contact us when your need arises, our implementation team can have you up and running quickly and efficiently.

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