The U.S. Department of Health and Human Services (HHS) has issued a final rule to move to the next generation of HIPAA electronic transaction standards (Version 5010) by January 1, 2012.
Unlike the HIPAA transaction standards currently in use (Version 4010/4010A), Version 5010 transaction standards can accommodate International Classification of Diseases, Tenth Revision (ICD-10) code sets. Accordingly, the adoption of Version 5010 must occur before the changeover to ICD-10 code sets, which HHS requires to be completed by October 1, 2013.
January 1, 2012: Any health care entity that submits electronic standard transactions must switch to the HIPAA Version 5010 (errata version) transaction standards by January 1, 2012. After this date, Version 4010/4010A transaction standards will cease to be valid.
Providers should speak to their trading partner to ensure that their trading partner is compliant and will be ready by January 1, 2012, to electronically submit standard transactions using Version 5010.
Independence Blue Cross will reject any electronic standard transactions that fail to comply with Version 5010 transaction standards. This will impact your payments.