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Technology Stocks : Discuss Year 2000 Issues
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To: C.K. Houston who wrote (1179)3/17/1998 6:55:00 PM
From: STLMD  Read Replies (1) of 9818
 
Cheryl and all, A y2k true story of mine from my own office physician practice. All true, all costly. Bear with me while I set the stage.

Our practice bills the insurance co. on a standard form called a HCFA 1500 form. HCFA(Health Care Finance Admin) is requiring that we bill in 4 digit dates to become y2k compliant. Their billing forms serve as a template for the rest of private ins. industry.

The irony of this story begins when you realize that I am in our community as a spokesperson for y2k and preparedness, lecturing with a small contingent of IS folks and attorneys to our medical community and business community. I have pushed for our own office to update our software and become 4 digit year compliant.

Now for the rest of the story......(LOL) We send our HCFA 1500 forms, updated and 4 digit compliant to insurance co. XYZ. They scan their forms into their database and then the system analyzes the claims. By the way, Insurance co. XYZ requires that bills are sent within thirty days of date of service. SO.... 02-01-1998 gets scanned into the system(not 4 digit compliant) and comes out as date of service 02-01-19(read 1919!!!). I'm sitting with over $10000 in reconciliation statements that are denied since date of service has expired. That's one months of billing to one company. Now transpose this to ALL the
interfaces, foreign and domestic , mainframe and PC, embedded and so on, and this is our problem. It takes me over two to three months to reconcile a bill which should have been paid in twenty days, my Accounts Receivables soar and I'm short of cash. The reader can draw any conclusions that he or she wishes. Stephen
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