Standards for the first report of injury and claims attachments (also required by HIPAA) will be adopted at a later date. TOP What are the benefits of HIPAA Transactions?
• Reduce the cost of a typical paper transaction ($5-$15 per claim) to anywhere from $0.85 to $1.25 per electronic transaction • Reduce delays because of scanning and re-keying • Accelerate transaction delivery via secure networks • Eliminate costs for handling and storing paper documents • Create efficiencies with easier data sharing, record portability and automated business processes • Reduce errors in claims data entry and the elimination of re-entry of the same data lowers administrative operating costs and increases staff productivity • Faster submission of claims results in quicker payments and reduced receivables which improves cash forecasting and cash flow TOP What is a code set? Codes to identify various diseases/injuries/impairments, inpatient and outpatient procedures, drugs/biologics, and medical supplies such as orthotics, prosthetics, durable medical equipment and dental services are included under HIPAA. TOP When will NNMC be compliant with the HIPAA Transactions and C
Related Questions
- Standards for the first report of injury and claims attachments (also required by HIPAA) will be adopted at a later date. TOP What are the benefits of HIPAA Transactions?
- Would the structured pathology report, i.e. the CAP standards, be what is coming in later stages?
- What code sets have been adopted as HIPAA standards?
