CLAIMS PROCESSING FACTS
Congress passed legislation on administrative simplification
called the Health Insurance and Portability and Accountability Act of 1996 (HIPAA). This act, signed into law
in August, 1997 calls for the electronic transmission of core financial and administrative
transactions, including billing, electronic claims processing, eligibility, and payment
Healthcare providers must be in compliance to the electronic claims transmission standard code sets by October 16, 2002 or have filed a one year extension by this date. Contact Assured Business Support Services for assistance.