Anesthesia billing is more complicated than billing for most other specialties. Between coding specifications and the differences in time billed, it can be challenging for facilities to understand how to leverage these complexities to maximize eligible revenue. In breaking this down into “Anesthesia 101,” we’ve highlighted some of the unique features of anesthesia billing in […]
Each year provides new challenges and lessons, but these also lead to many opportunities for positive change. As you plan for the future, one thing you should ask yourself is, “Am I getting the results I want from my vendors?” That is certainly true for those who work with medical billing companies. If you have […]
As next year approaches, we expect to see many changes - in how we do business, how we plan for the future, and how we code our pain management services. That’s right, the CPT® 2021 code book has been released. It details coding additions, revisions, and deletions to be implemented next year. We will provide […]
By Joe Gribbin, Sr. Hospital and facility administrators are often unaware of how much revenue is unrecognized when they bill anesthesia incorrectly. This can be the case whether they manage anesthesia in-house or contract with an anesthesia group. I spent 12 years as a hospital administrator before starting MBM, so I’ve seen how missed revenue […]
by Joe Gribbin, Sr. Facility administrators have to make countless decisions regarding employing, contracting, compensating, and managing anesthesiologists and CRNAs, and these decisions have a significant impact on the bottom line. I spent 12 years working as a hospital administrator before starting MBM, so I understand these challenges. By understanding the types of relationships your […]
Interested parties can now apply for the Phase 3 General Distribution from the CARES Act Provider Relief Fund. The Department of Health and Human Services opened the portal Monday morning, October 5. Please note, the Phase 3 distribution expands eligibility for funds and allows application submissions for those who: Missed a prior application deadline Were […]
The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) is a $2.2 trillion economic relief package intended to mitigate the impacts of the coronavirus pandemic. Signed into law in March 2020, this federal program provides direct financial assistance to workers, families, and small businesses, including healthcare and anesthesia providers. Spending areas for this relief […]
As the United States grapples with the COVID-19 pandemic, many anesthesiologists and CRNAs are struggling to understand how this unfolding situation will affect their practice financially and logistically. A pair for updates from The Centers for Medicare & Medicaid Services (CMS) provides critical updates that affect physician supervision requirements and accelerated reimbursements. If you have questions about how […]
As we’ve seen with the other major changes to the Relative Value Guide in 2019, the definition for accurate start and stop times has gotten more complex in order to allow for more flexibility. It seems counterintuitive that a more rigid definition can lead to more adjustability in practice, but it’s true. Surgery is a […]
Though it seems complicated at first, it’s not rocket surgery! De-mystifying the process by which charges are established for anesthesia services is a worthwhile exercise for everyone involved in the billing process. Surgery is not a yard sale where patients pay what they think is appropriate for services, or anesthesiologists bill what they think they’re […]
