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ECP Enewsletter
In This Issue
Transition to HIPAA 5010
New Tax Credits for Small Practices
Medicare Payments Audited by RAC Program
No Guarantees of Lower Costs by ACOs
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November 2010
Greetings!

Welcome to the latest addition of our ECP Enewsletter, your source of timely industry news and updates to help keep you informed on matters that pertain to the healthcare industry and ECP. 
  
Latest News...
  
ECP Payer Code List Update
ECP has completed a major overhaul of our professional and institutional payer code list. This project will allow ECP clients to send to many additional payers. It will also help reduce the number of payer code related errors on claims sent to ECP.

Electronic Eligibility Verification

ECP has completed version 1 of our Real-Time Electronic Eligibility Verification. Effective January 1, 2011, there will be a charge of $.20 per inquiry for this service and enrollment may be required for certain payers.

 

Office Closed for Thanksgiving Break

ECP will be closed all day on November 25th & 26th.

Transition to HIPAA 5010
ECP is proactively preparing for the transition to 5010. We are committed to servicing our healthcare providers in helping them meet the transaction requirements of all payers, government and commercial.
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New Tax Credits for Small Practices
Small physician practices, may be eligible for new tax credits of up to 35 percent of the cost of providing health insurance to their employees. The credit will increase to 50 percent in 2014.
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Medicare Payments Audited by RAC Program
Health care providers offering Medicare services need be more diligent in their record-keeping and more attentive to coding than ever before. The Recovery Audit Contractor (RAC) program, which is designed to identify improper Medicare payments, recently became a permanent part of the landscape.
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No Guarantees of Lower Costs by ACOs
Altering payment mechanisms and care delivery structures aren't enough to achieve a successful accountable care organization (ACO), according to a new report examining ACO experiences in California.
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About ECP
ECP is a medical claims clearing house for 10,000+ providers nationwide. Since 1990, ECP has helped providers to reduce costs, increase productivity, and speed up the collection of receivables from payers and patients. ECP provides outstanding, results oriented customer service to our clients; helping them to manage the billing cycle. ECP is committed to maximizing the production and cash flow of our clients through proven industry experience, established processing methods, seasoned personnel, and cutting edge technology.
 
For more information, please visit www.4ECP.com