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Form 5010 Changeover Causing Payment Delays

Transition to new form began on January 1, 2012, most laboratories can expect to see revenue shortfall

CEO SUMMARY: Even after testing compliance with HIPAA Form 5010 for more than a year, one out of four payers is not ready to pay claims using this new form. Claims payment experts are telling clinical labs to expect some shortfall of revenue in coming weeks as payers struggle to program their systems to cleanly …

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