Mastering Time-Based Anesthesia Billing: A Guide to Boost Accuracy and Revenue

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  Anesthesia billing is a unique and intricate component of medical billing that differs significantly from other specialties. Unlike procedures billed on a per-service basis, anesthesia is often billed based on the duration of the service—making time-based billing a critical factor in accurate reimbursement. Let’s break down what time-based anesthesia billing entails and how practices can optimize their billing processes to avoid costly errors and delays. What is Time-Based Anesthesia Billing? Time-based anesthesia billing involves calculating charges based on the total time the anesthesiologist spends with a patient. This typically includes: Preoperative preparation Administration and maintenance of anesthesia Post-anesthesia care until the patient is no longer under the anesthesiologist’s care The billing formula generally looks like this: Total Units = Base Units + Time Units + Modifying Units Base Units : Determined by the specific surgical procedure perfor...
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Key Opportunities in out-of-network strategy for ASC

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The beginning of the Patient Protection and Affordable Care Act resulted in millions of Americans becoming insured on plans with out-of-network benefits. Also, this act has narrowed insurance networks which left many providers completely out-of-network. Therefore, the out-of-network strategy for ASC is only revenue enhancing strategy for some ASCs.

There are some key opportunities available with out-of-network offerings and you will get the details of opportunities in the following briefs:

The rise in overall reimbursement

The changing and sometimes volatile world of insurance can be stressful for practitioners who desire a more predictable income stream. Fortunately, there are some ways that exist to improve your reimbursements and it starts with developing a good out-of-network strategy combined with the right expertise.

You can avail the best pay-off by creating a hybrid strategy that includes an out-of-network and in-network strategy. Moreover, you can enhance revenues by making out-of-network payments a small part of your surgery center business.

Lastly, the marketplace plays an important role while implementing a hybrid model to maximize revenue and you need to determine which payers to pursue this strategy with based on reimbursement levels compared to the levels of reimbursement if your surgery center was in-network with that payer.

If you are looking for an out-of-network strategy for ASC, Contact us at info@medicalbillersandcoders.com/ 888-357-3226

Read More: https://bit.ly/3CsSUfI

Location: United States

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