A Shot in the Arm
In the last 60 years, the population has doubled to more than 300 million. More people equal more people in need of medical care. Bad news for them, good news for the print industry.
And though legislation has made a push to curb paper forms while increasing electronic submissions, James Magdaleno, product manager, healthcare for Oxnard, California-based TFP Data Systems, said many claim forms continue to be filed.
"Electronic filing has been in motion for almost two decades and we are still asking this question," Magdaleno said. "For the last 10 years, the filing ratio has been electronic/paper at 60 percent and 40 percent (1998-2004) and 65 percent to 35 percent (current). Paper claim forms such as the CMS-1500 and UB-04 are not being eliminated from the processing and billing phases. Although paper claim forms are being converted to digital format, paper claims need attachments that can't be submitted via digital format and physicians prefer a hard copy in the patient's file."
Does that mean electronic billing will be eventually on its way out? According to the Department of Health and Human Services, Center for Medicare and Medicaid Services, The National Uniform Billing Committee and The National Uniform Claim Committee, any changes for the next five years will be at a 5 percent change total.
And this is despite all the changes made by the Obama administration, including the healthcare law better known as The American Recovery and Reinvestment Act of 2009 (ARRA), which provides a framework for investment in IT solutions for the creation of electronic healthcare records. This makes more than $19 billion in IT funding available. Medical facilities that participate become eligible to recover as much as $44,000 over five years.
Magdaleno's company is handling the changes by staying current on any new developments by working with many government agencies. TFP Data Systems also supports The American Medical Association, The American Hospital Association, The National Uniform Claim Committee (NUCC), The National Uniform Billing Committee NUBU and The American Dental Association.