When it comes to successful anesthesiology billing, it’s important to collect every bit of revenue possible. Even one missed or overlooked case can result in losing hundreds – if not thousands – of dollars of revenue. And given the high caseload many anesthesiologists face, overlooking a case now and then happens more than you’d think. […]
Running an anesthesia practice means complying with a labyrinth of rules and regulations. There are three related compliance issues that many anesthesiologists have a difficult time abiding by, and all of them have to do with payment. These compliance issues are: Professional courtesy fee waivers Co-payment waivers Discounts for cash payments Many practices encounter these […]
Compliance, for an anesthesia practice, is quite different from other medical practices and specialties – and can even differ within the anesthesia field. Because so much depends on proper compliance, practices need to understand what is required of them when it comes to complying with rigorous documentation requirements. However, many providers – even those with […]
For anesthesia practices participating in the Physician Quality Reporting System (PQRS) from CMS, there are four ways to take part: claims, qualified registries, electronic health records (EHR), and a fourth option known as qualified clinical data registries (QCDRs). Most providers utilize one of the first three methods to submit data to CMS. However, there is […]
In 2015, Congress passed the Medicare Access and CHIP Reauthorization Act, known as MACRA. Since then, regulators have been working on releasing guidelines and programs governing MACRA, and many of these impact anesthesiologists. Parts of the proposed rule (it hasn’t gone into effect yet) were announced on April 27 and discussed on this blog previously, […]
Choosing anesthesia billing companies to handle coding, billing, provider credentialing, and revenue cycle management for your practice is a wise choice because you can lower costs, increase efficiency, improve patient service, reduce claim denial rates, boost revenue, reduce overhead, and avoid penalties from not complying with regulations. With all the different providers out there, selecting […]
The Physician Quality Reporting System (PQRS) is a quality reporting system created by the Centers for Medicare & Medicaid Services designed to properly assess the quality of care that is provided to patients. Providers can use PQRS to quantify how often they are meeting a certain quality metric, and can modify their care based on […]
If you are an anesthesia provider in the state of Alabama, there are certain guidelines you need to be aware of in order to abide by all policies and regulations and ensure you are properly billing and collecting your claims. Here are a few anesthesia billing guidelines your practice should follow. Claim Filing Effective for […]
Anesthesia medical billing can be complex – even daunting – at times. Practitioners are frequently faced with the challenge of not only billing and coding effectively, but also ensuring they comply with all relevant regulations and standards from several different payors. To get the most from your billing system, here are five tips you can […]
The “Veterans Health Care Staffing Improvement Act”, S. 2279, is a piece of legislation that could have extensive repercussions for veteran health care, according to the nation’s largest anesthesiology trade group. The American Society of Anesthesiologists (ASA) announced this month that they have exercised caution about passing S. 2279 because of one provision the Society […]
