Archive for the Week of September 29, 2006
Archive for the Week of September 29, 2006
Welcome to the medical billing blog archive for the week of September 29, 2006.
Here you will find links to every article added to the Outsource Management Group web site during the week of September 29, 2006.
You can browse this week's archives by clicking the "More" button from any of the excerpts below.
Cost to Charge Ratio and How to Change Yours
Your provider number has a strong impact on your medical billing cost to charge ratio (CCR). If your hospital is merging with another hospital, it is important to figure in the possibly new Cost to Charge Ratio medical billing payments you will receive. There are two avenues merging hospitals can take. The first method is when two hospitals merge together while one of the existing provider numbers is kept in tact. In this instance, one hosptial keeps their medical billing number, while the other one drops theirs and joins the first. The hospital that drops their medical billing provider number will receive a new cost to charge ratio. The ratio …
Accuracy in E/M in Medical Billing
Medical billing largely depends on the accuracy of the physician’s records. Many times physicians have nothing to do with the medical billing aspect of their practice or facility. This can cause them to be haphazard with their documentation for their patients. It is important to educate physicians about the importance of accurate records that are utilized in the medical billing department. With rising healthcare costs; carriers are becoming much less lenient on treatments and procedures being covered. They also have become sticklers for accurate medical billing documentation submissions. If there is anything incorrect on a claim, it gets sent back to the provider without payment. There are many evaluation and …
Medical Billing Caps for Therapy Addressed
New treatment methods and less surgical procedures has made therapy medical billing dramatically rise. Not only are there more physical therapy claims, but there are also many more speech therapy and rehab claims sent in to payers. To decrease the deficit, the House of Representatives recently passed an act that puts a cap on therapy medical billing. The Deficit Reduction Act of 2005 was passed on December 21,2005 with a very narrow vote by the Senate. Senators were split in a 51-50 vote to cap therapy medical billing reimbursements. As a matter of fact, the vice president of the senate cast the tie breaking vote for the act. Although there …
Indirect Supervision Codes in 3 Easy Steps
Care Plan oversight services can be slightly confusing for medical billing staff members. In order to correctly bill services, there are certain rules that should be followed. There are three medical billing steps for correctly billing indirect supervision codes. The medical billing current procedural terminology codes 99375-99380 should only be used in certain instances. These codes represent non face-to-face visits by pediatricians for special needs children. There are certain instances when it is acceptable to do medical billing for this care plan oversight (CPO): revision of care plans, review of patient status, review of lab work, and phone calls to assess condition with guardians. The second step to correct medical …
No Time For Credentialing?
Did you know your medical billing partner can do far more than handling the flawless transactions of your medical coding and billing – they can also help you get credentialed with various carriers to insure that the services rendered by your practice are covered by various insurers that require a physician be part of their network in order to recognize claims submitted. If you have a busy practice, you may be putting off getting credentialed with additional insurance companies because you just don’t have the time to fill out the forms, questionnaires and other information in order to get approved with additional carriers. You know from previously getting credentialed that …
