For entities that have not yet begun external testing, CMS has recommended four risk mitigation strategies:
• Communicate with vendors and trading partners regularly.
• Reach out to a clearinghouse for assistance.
• Establish a line of credit to help cover potential cash flow disruptions from delayed reimbursement claims.
• Take advantage of available resources, including several online tools offered by CMS.
Related Articles on Version 5010:
4 Tips for Hospitals Preparing for HIPAA 5010
10 Definitions of Version 5010 Readiness
National Version 5010 Testing Week: The Good and Bad News
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.