Tag: physician billing
ICD-10-CM: What is It?
ICD-10 stands for the International Classification of Disease, Version 10. The standard is currently use to classify or group diseases for reimbursement to providers who accept patients who have Medicare or Medicaid insurance. ICD-10 is used to report mortality, while ICD-9 is used to report morbidity. You may be wondering what the difference is between [...]
CMS Officially Retracts Physician Signature Requirement
In February, 2011 CMS announced that it would not be implementing the rule that required physicians signature on all laboratory tests paid under the laboratory fee schedule that went into effect on January 1, 2011. The requirement was a result of the November, 2010 update to the physician fee schedule. However, the lab industry contended [...]
Physician Reimbursement Rates
On June 25th, Medicare released its new physician fee schedule (http://www.cms.gov/FeeScheduleGenInfo/). The new schedule included expansion of coverage to include the annual wellness visit at no charge. There are TWO new HCPCS codes that reflect the recent change: Code 99204 (Office/outpatient visit, new: $155.23) to account for the first wellness exam Code 99214 (Office/outpatient visit: [...]
6% of Physicians Have Implemented Electronic Health Records
As of 2010, the Center’s for Disease Control’s website states that.. “The National Hospital Ambulatory Medical Care Survey (NHAMCS) is designed to collect data on the utilization and provision of ambulatory care services in hospital emergency and outpatient departments. Findings are based on a national sample of visits to the emergency departments and outpatient [...]
