In July, the Medicare sequestration rate rose back to 2%. Here is what you need to know about the Medicare sequestration cuts and their impact on your anesthesia practice.
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In July, the Medicare sequestration rate rose back to 2%. Here is what you need to know about the Medicare sequestration cuts and their impact on your anesthesia practice.
Last month, the Alabama legislature enacted a few significant changes that will affect your anesthesia practice. The wake of changes from Covid-19 continues to ripple down in laws such as these, as they represent efforts to expand access to affordable anesthesia care across the state. For anesthesia providers, this is good news. These changes will greatly increase the capacity of your practice.
Calculating time units for anesthesia billing and coding is extremely important. Failure to do so accurately can result in denied or delayed claims, which negatively impacts revenue. It can also result in audits which can further hurt a practice's revenue and reputation. Here is a guide to correctly calculating time units for all claims and […]
It can be difficult to decide which billing option is better for your practice: in-house or outsourced. To help with this decision, ask yourself some questions. Which option gives you the most comfort with the process? Which option gives you the best ROI? To answer this, let’s ask some questions about your practice. What is […]
There are no do-overs in coding and billing for anesthesia services. You get one chance, and you have to get it right. Close only counts in horseshoes and hand grenades, as they say. The cost of incorrect documentation can be high - both in lost reimbursement and in non-compliance. You also can’t rely on someone […]
Soneaqua Flanagan joined the Medical Business Management team in November of 2000. Before this, she had several years of experience working in hospitals and other medical billing companies. With over 30 years of experience in healthcare management and 22 years at MBM, she is nothing short of an expert. Soneaqua is a Certified Professional Coder […]
It’s that time again. Much like taxes or jury duty, there is a certain inevitability to the Centers for Medicaid & Medicare Services updating their Medicare Physician Fee Schedule (MPFS). Calendar year 2022 is no different, and the update contains both good and bad news. All the CMS’ efforts in updating the MPFS are “to […]
The No Surprises Act (NSA) is not just a pointless consumer protection law - it’s congress’s earnest attempt to safeguard individual beneficiaries from unexpectedly high medical bills. The need for this legislation became evident in the wake of COVID-19 hospitalizations as emergency, and out-of-network payments spun out of control. Learn more about the No Surprises […]
It’s almost the end of 2021, which means it’s time to prepare for the policy changes going into effect for the following year. The biggest one to pay attention to is the No Surprises Act (NSA), part of a comprehensive COVID-19 relief package in the Consolidated Appropriations Act. This law becomes effective January 1, 2022, […]
Despite the challenges to the general anesthesia drug market precipitated by COVID-19, its market share is projected to hit $2.4 billion by 2025. That’s a robust compound annual growth rate of 3.4%. But how did we get here? Who’s controlling this market? And how do we ride the crest of this wave without wiping out? […]
