The final rule includes a date element that functions as an “other identity” identifier for non-health related entities or individuals identified for standard transactions.
This rule is among several required by the Patient Protection and Affordable Care Act to reduce healthcare red tape. It is expected to save $6 billion over 10 years.
The new identifiers should keep healthcare providers from the time-consuming process of using a wide range of different identifiers and running into potential misrouting and rejection of transactions.
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