The Department of Health and Human Services announced a rule establishing a health plan identifier to increase standardization for HIPAA transactions and billing efficiency, according to GovernmentHealthIT.
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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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.
More Articles on Billing, Coding and Collections:
AMA: 600 Procedural Code Changes for 2013
Washington Veteran's Affairs Aims to Improve Health Services With Data Warehouse
Volusia and Flagler Counties in Florida to Receive Steep Medicaid Debt Discounts