According to the Centers for Medicare and Medicaid Services (CMS), 5010 standards are introduced as part of the Health Insurance Portability and Accountability Act (HIPAA). The 5010 standards are entered on the Federal Register as required by law for all medical entities covered by the 5010 rules.
Rules
HIPAA 5010 standards cover the implementation of two rules covering the adoption of a national system of electronic data transfers of medical records, according to CMS. The first rule covers the introduction of a specified set of codes for the diagnosis of medical conditions, the second rule covers pharmacy transaction.
Diagnosis
The American Academy of Dermatology (AAD) reports all medical transactions covered under HIPAA must use codes for the diagnosis of medical conditions according to those set out in the International Classification of Diseases, Tenth Revision. The introduction of these diagnosis codes covers inpatient hospital care.
Pharmacy
According to AAD the 5010 standards covers transactions in a pharmacy and improves the system for reclaiming funds from third party pharmaceutical coverage. The 5010 standards improve the system for state Medicaid agencies to be reimbursed for pharmacy transactions where another health insurance provider should have been charged for pharmacy services.