SOURCE: ZirMed

August 18, 2009 08:00 ET

ZirMed® Pursues Early Adoption Schedule for HIPAA 5010/ICD-10 Standards

Healthcare Revenue Cycle Management Company to Begin Accepting HIPAA 5010 Test Files From Customers in Q1 2010; Migration Schedule Six Months Ahead of Industry

LOUISVILLE, KY--(Marketwire - August 18, 2009) - ZirMed®, a leading national provider of revenue cycle management solutions for healthcare providers, today announced it is on target with its commitment to be in compliance with new federal HIPAA 5010 and ICD-10 rules months before their respective mandated implementation dates. As part of that commitment, ZirMed intends to begin accepting 5010 test files from interested healthcare practice customers and technology vendors in Q1 of 2010.

The U.S. Department of Health and Human Services (HHS) has established a compliance date for HIPAA Version 5010 electronic transaction standards of January 1, 2012. The ICD-10 (International Classification of Diseases, Tenth Revision) code set rule carries a mandatory compliance date of October 1, 2013.

"From the outset, ZirMed has pledged to help its customers through every step of satisfying the HIPAA Version 5010 electronic transaction rollout, as well as the ICD-10 final rule mandate," said Doug Fielding, ZirMed's Chief Information Officer. "Consistent with the adoption of NPI and the initial HIPAA standards, we are ahead of the industry in implementing these new rules and requirements. Our test program for early adopters, to begin in early 2010 -- nearly two years ahead of the first compliance date -- is a sign of our aggressive stance and commitment to our customers and partners."

ZirMed completed its Version 5010 analytics phase earlier this summer and is currently in the midst of full development of migration and implementation solutions for its Web-based Revenue Cycle Management tools. The company has also begun its discovery phase for ICD-10 and is benchmarking its work for both standards by participating in industry initiatives through organizations such as X12 and WEDI. To assist customers in understanding and coping with HIPAA 5010 and ICD-10, ZirMed is currently creating training webinars, and will soon debut an online community on both topics.

ZirMed has planned a phased migration to the new 5010 electronic transaction standards; during the migration period, the company's platform will accept both the current Version 4010A and future Version 5010 transactions. It anticipates starting its migration of early adopters in June of next year, roughly six months ahead of the announced dates from the final rule HHS Guidance/compliance timeframe.

Said Fielding, "Our flexible, Web-based Revenue Cycle Management platform, combined with our resolve to work with each customer as needed -- even on an individual basis -- to make compliance as painless as possible, puts us at the forefront of the clearinghouse industry. We welcome questions from our customers and partners at any time, and look forward to meeting our milestones in 2010 and beyond."

About ZirMed:

Founded in 1999, ZirMed is a nationally recognized leader in delivering revenue cycle management solutions to healthcare providers. ZirMed enables healthcare providers to leverage the power of technology to cure administrative burdens and increase cash flow. ZirMed solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, provider credentialing, and lock box services. ZirMed solutions are designed to complement provider workflow and to provide innovative, creative and flexible solutions for healthcare's most pressing administrative challenges. For more information about ZirMed, visit www.zirmed.com/pr.

Contact Information

  • ZIRMED CONTACT:
    Jim Lacy
    CFO & Counsel
    ZirMed
    502-779-4302
    Email Contact

    MEDIA CONTACT:
    Hanni Itah
    S&S Public Relations
    847-415-9324
    Email Contact