Archive for The Day of July 31st, 2006
Archive for the Day of July 31st, 2006
Welcome to the medical billing blog archive for the day of July 31st, 2006.
Here you will find links to every article added to the Outsource Management Group web site during July 31st, 2006.
You can browse this day's archives by clicking the "More" button from any of the excerpts below.
Understanding Medical Billing and Revenue Codes
Not all medical billing is generated from physician’s services. Sometimes services are rendered to patients and the medical billing created from those procedures need to be submitted to the various insurance carriers, but they also need three things: a price, a procedure code, and a revenue code. Revenue codes indicate to the type of service that you are billing for; revenue codes are 3-digit codes, and those revenue codes must match up with specific procedure codes to designate what services were rendered. For instance, if you are using a 360 revenue code, you’re stating that the services rendered were performed in the operating room, and therefore, the procedure codes that …
Changes Coming to Follow Up Care in September 2006
If your practice routinely provides burn or laceration follow up care, head’s up because after September of this year, there will be three new post-op codes added that will better detail the services rendered during the patient’s visit and should improve your reimbursement rate. Be sure and alert your staff that V58.3 will no longer be a valid code to use and the new three designations should be chosen from when coding the patient’s visit. The three new designations are as follows: * nonsurgical wound dressing change or removal, V58.30* surgical wound dressing change or removal, V58.31* suture removal, V58.32. Having more exact coding designations to go with the ICD-9 …