HIPAA EDI v.7030-Future of healthcare transactions
The updated standard for EDI by HIPAA is a new milestone in the future of healthcare transactions. The administrative simplification provisions under the ACA include adoption of transaction standards. This would require Health Plans to certify that data and information systems are in compliance with applicable standards and operating rules. Version 7030 includes those transactions adopted under HIPAA (as version 5010) as well as those that were not adopted by regulation. Concrete understanding of the standard is imperative to roll out business plans for the payers and providers.