MGMA members have their plates full, from IT and business process adoption to cutting costs and being more efficient.
sider approaching retirements and the changing demographics of the physician workforce.
Prepare for the transition to HIPAA Version 5010 and subsequent ICD-10 implementation. By now, practices should be well aware of the January 2012 deadline for these electronic transaction standards and October 2013 switch to ICD-10 codes. Our data show that while the vast majority of practices are aware that 5010 is coming, most have not completed upgrades for the standards. Practices should contact their vendors to ensure they receive the necessary software upgrades and work with their clearinghouses and health plans to send test transactions. Practices risk cash-flow disruption if they are not ready on time.
Understand the HIT landscape. We hear stories from our membership of amazing innovation in adopting and using information technology. They understand the impact technology could and should have on a practice. Many members have also realized the improved patient outcomes that may result from adopting these technologies. We also are encouraging our members to stay abreast of the potential impact of Medicare incentive programs such as the e-prescribing incentive program, the Physician Quality Reporting system and the incentives for electronic health