Showing posts with label Reimbursement. Show all posts
Showing posts with label Reimbursement. Show all posts

Wednesday, October 1, 2014

Ethics of Maximizing Reimbursement

Behind every instance of your patients flashing their Medicare or Medicaid card is a three-step process for filing your reimbursement. Proper coding comprises two-thirds of the task, which is why it's important to get the codes right. Aside from the ICD-9 (soon to be phased out in favor of the ICD-10), practitioners have their own local codes.

Physicians use the current procedural terminology (CPT®), a coding system maintained by the American Medical Association developed in 1966. The CPT® is updated yearly to include as many treatments and diagnoses as possible. The codes evolve along with the evolution of medical technology and recent discoveries in the field.