The HIPAA Transactions and Code Sets Rule oversee how health care providers handle business via the internet. It founds the business-to-business communications and dictates a standard that everyone must follow. This also creates the codes and/or terminology to be used. Standardized transactions were implemented with one end goal in mind and that was to save money. If a practice management application printed the usual claim form, which was the HCFA 1500 and it is now the CMS 1500, the providers office would mail it to the insurance company. Then they would have to have a person type the information into their system. With doing everything electronically now It’s not only freeing up time for people to do other things but also saving on paper
