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CollaborateMD, a leading provider of cloud-based medical practice management software for medical practices and billing services, announced today their upcoming version 8.3.7 release will be ANSI 5010 compliant. The upcoming software release contains numerous software enhancements for customers, but most importantly enables medical offices and medical billing services to be ANSI 5010 compliant on January 1, 2012.

On January 1, 2012 all health care providers, clearinghouses and insurance payers, will be required to submit and receive electronic transactions in the enhanced ANSI 5010 format. The ANSI 5010 format specifies the data elements and requirements necessary for submitting medical claims and performing other electronic health care transactions such as electronic remittance advice and patient eligibility. The major reason for implementing ANSI 5010 is to lay the groundwork for the transition from ICD-9 to ICD-10 in October 2013.

CollaborateMD’s advanced SaaS-based technology allows for rapid updates to comply with industry changes with little or no impact to the customer experience. CollaborateMD automatically updates customer accounts for regulatory changes allowing their customers to achieve continued office efficiency and no office downtime. Medical practices and medical billing services utilizing older, in-house, server-based medical office software, may be forced to purchase software and hardware upgrades in order to gain ANSI-5010 compliance.

Since inception, CollaborateMD has provided frequent software updates each year with feature enhancements and to meet government regulations. Every month more and more medical offices looking to save money are moving to companies like CollaborateMD to avoid costly software contracts, hardware purchases, on site IT staff, and costly maintenance contracts.

“Our customers are spoiled not having to worry about software updates, regulation changes, hardware upgrades, and all of the other items we take care for them behind the scenes,” commented Douglas Kegler, CollaborateMD Founder and CEO. “Everyone at CollaborateMD enjoys making our customers lives easier and it shows by our continued growth each year.”

Throughout 2010, CollaborateMD partnered directly with RelayHealth, a division of McKesson Corporation, to ensure their medical billing software products would be positioned for ANSI 5010 and ICD-10 compliance deadlines. CollaborateMD continues to execute flawlessly on the remaining Level II Version 5010 activities to ensure their customers are fully compliant by January 1, 2012.

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