Reducing Risks Maximizing Returns From HIPAA 5010 Transition
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Overview: Healthcare is a complex ecosystem with "many-to-many" interactions among payers, providers, clearinghouses, and employers. An enormous amount of data is exchanged between these entities on a daily basis using the standard X12 4010 transaction formats for Electronic Data Interchange (EDI). The mandate on the healthcare industry to move from HIPAA 4010 to 5010 transaction standards is both a source of opportunities and a transition laden with risks. Infosys believes that upfront planning and effective risk management strategies identified in this article are key to mitigating the risks and maximizing the returns from the transition.