There are so many regulations already out, and still in the pipeline, to implement aspects of the Affordable Care Act and the HITECH Act that it’s easy to forget or downplay the importance of some of the rules.
For instance, administrative simplification initiatives don’t get a lot of attention, but they should because there is a lot happening and it will affect providers’ revenue streams. The reform-mandated operating rules to tighten HIPAA transactions are becoming real. The compliance date for adoption of rules for the eligibility and claim status transactions was January 1, though the feds recently announced a 90-day grace period. There are plenty more operating rules coming in the next few years, not to mention the looming ICD-10 deadline and regular updates to existing HIPAA transactions.
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