Medical Industry News

MGMA protests 5010 related payment delays, demands government action

The Medical Group Management Association (MGMA) sent the Centers for Medicare & Medicaid Services (CMS) a letter complaining that physician practices are having trouble getting paid because of the transition to the HIPAA 5010 electronic transaction set, which went into effect on Jan. 1. MGMA demanded that CMS take action to prevent further disruptions to physicians' cash flow.

A significant number of medical group practices as well as several state Medicaid programs are not ready for the federally mandated conversion to the ASC X12 Version 5010 electronic transaction standards, according to the Medical Group Management Association-American College of Medical Practice Executives. The group is calling on the CMS to push back the looming Jan. 1 compliance deadline on the upgrade by at least six months.

Use of external billing company by medical practices increased the collection rates for almost 73% of survey respondents according to survey conducted by MGMA (Medical Group Management Associations).

MGMA CONNEXION ANNOUNCES TOP BUSINESSES
The Medical Group Management Association (MGMA) Announces top businesses in their March 2009 special issue, MGMA Digest: WHAT COUNTS in Group Practice.
For the fourth year in succession, GroupOne Health Source ranked as one of the top consulting firms in the fourth annual MGMA Digest. The companies were chosen by MGMA because of the product or service provided is "best in class" as determined by MGMA members.

MGMA CONNEXION ANNOUNCES TOP BUSINESSES