FREQUENTLY ASKED QUESTIONS
How does electronic billing work for medical claims?
Electronic claims work by a practice management software generating a claim, sending it to a clearinghouse for processing, and then the clearinghouse transmits the claim to the insurance company. This process streamlines the claim submission, ...
What is a ub-04 most commonly used in?
The UB-04 form, also known as the CMS-1450, is most commonly used in hospitals and other institutional healthcare facilities to bill Medicare, Medicaid, and private insurers for services provided to patients. Generally, it's used for: Inpatient ...
What is the difference between HCFA-1500 and CMS-1500 in medical insurance billing?
The HCFA-1500 and CMS-1500 forms represent the standard paper claim form for billing Medicare and other insurance carriers. The HCFA-1500 was the original name, used when the Health Care Financing Administration (HCFA) was in place. When the HCFA was ...
What is the diagnosis pointer code on the CMS-1500 claim form?
On a CMS-1500 form, the diagnosis pointer acts as a reference, associating the proper diagnosis code (ICD-10) with the procedure being billed. The diagnosis pointer is entered in Box 24E on a CMS-1500 claim form. In box 24E, use the letters A through ...
What codes are used in field 24B for Place of Service Codes on the CMS 1500 Claim Form?
Place of Service Code(s) Place of Service Name Place of Service Description 01 Pharmacy A facility or location where drugs and other medically related items and services are sold, dispensed, or otherwise provided directly to patients. (Effective ...
Where in field 24 are the Place of Service Codes on the CMS 1500 Claim Form entered?
Field 24B on the CMS 1500 claim form is the field used to enter the Place of Service (POS) code. This two-digit code indicates where the healthcare service was provided. Also see our knowledgebase at ...
What goes in box 25 when completing a CMS-1500 claim form?
In Box 25 of the CMS-1500 claim form, you should enter the billing provider's federal tax ID number (either Social Security Number or Employer Identification Number). This number is used to identify the provider for tax and billing purposes. You must ...
What is a Taxonomy code, and where do Taxonomy codes go on a UB04 (CMS-1450) claim form
The taxonomy code is a unique alphanumeric code, ten characters in length. The code set is structured into three distinct "Levels," including Provider Grouping, Classification, and Area of Specialization. The provider self-selects the taxonomy codes, ...
What is the Carrier box used for on a CMS-1500 claim form?
The "Carrier" box on a CMS-1500 claim form, also known as the "Payer Address" box, is used to enter the address of the insurance company or payer responsible for paying the medical claim. Accurate completion is crucial for prompt and accurate claim ...
What is a Taxonomy code, and where do Taxonomy codes go on a CMS 1500 claim form
The taxonomy code is a unique alphanumeric code, ten characters in length. The code set is structured into three distinct "Levels," including Provider Grouping, Classification, and Area of Specialization. The provider self-selects the taxonomy codes, ...
Why did I get an Invalid Authorization Number message?
When opening the program and you receive the following message. This will occur when cloning the hard drive for a PC repair or on a switch to a new computer. It is a security feature of the software prohibiting the copy and access of your HIPAA data ...
What is a Single-User License?
A Single User License entitles you to install and run the SpeedySoft product on one device only. If you need to use it on more than one computer call us for multi-user or network licensing.
Do you offer different license options to accommodate multi-station offices?
Yes, we offer: single user licenses multi-user licenses (for peer-to-peer networks) network licenses (for server based networks) Contact Sales at 1 (888) 217-2303 extension 1 for pricing
Some other companies require you to have Microsoft Word before you can use their program. Do I need any other program to run Speedy Claims?
No, Speedy Claims is a stand alone software program. It is not a "module" for Word or any other additional expensive program. It is NOT a simple template with limited capability. Speedy Claims is a powerful database driven software program designed ...
Is there a "trial" download and a "purchase" download?
No, there is only one download. When you install the program you can use it for 30 days without restriction. After 30 days, when you open the program you will get the message saying you must "register" the program to continue using it. When you ...
Can I try the software before subscribing?
Yes, you can. Simply go to the bottom of any of our webpages and click on "Software Downloads" under the "Speedy Software" column. Then, on the page that comes up, click on the software program you want to try out. Once it has finished downloading ...
Recent Articles
How does electronic billing work for medical claims?
Electronic claims work by a practice management software generating a claim, sending it to a clearinghouse for processing, and then the clearinghouse transmits the claim to the insurance company. This process streamlines the claim submission, ...
What is a ub-04 most commonly used in?
The UB-04 form, also known as the CMS-1450, is most commonly used in hospitals and other institutional healthcare facilities to bill Medicare, Medicaid, and private insurers for services provided to patients. Generally, it's used for: Inpatient ...
What is the difference between HCFA-1500 and CMS-1500 in medical insurance billing?
The HCFA-1500 and CMS-1500 forms represent the standard paper claim form for billing Medicare and other insurance carriers. The HCFA-1500 was the original name, used when the Health Care Financing Administration (HCFA) was in place. When the HCFA was ...
What is the diagnosis pointer code on the CMS-1500 claim form?
On a CMS-1500 form, the diagnosis pointer acts as a reference, associating the proper diagnosis code (ICD-10) with the procedure being billed. The diagnosis pointer is entered in Box 24E on a CMS-1500 claim form. In box 24E, use the letters A through ...
What codes are used in field 24B for Place of Service Codes on the CMS 1500 Claim Form?
Place of Service Code(s) Place of Service Name Place of Service Description 01 Pharmacy A facility or location where drugs and other medically related items and services are sold, dispensed, or otherwise provided directly to patients. (Effective ...