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ASC Coding, Billing & Collections

1. Learn From HIPAA 5010 Transition. Last year, the HIPAA electronic claimsstandard changed from version 4010 to 5010, and the transition served as a lesson for theupcoming switch from ICD-9 to ICD-10. Practices most prepared for to adopt version5010 had…

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The ICD-10 transition may be less of a burden if healthcare providers view the process as a way to improve the practice's overall financial performance, according to Healthcare IT News.

Originally scheduled for March 1, the 2 percent Medicare pay cut for physicians related to the across-the-board budget cuts from the sequester won't begin until April 1, according to a Medscape report.

After two months of failed negotiations, the across-the-board spending cuts — better known as sequestration — will go into effect today pending a last-minute grand bargain, which many in Washington, D.C., do not expect.

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