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

Image
  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...

Shortage of General Surgeons and its Effect on Hospital Revenue

 

shortageofgeneralsurgeonsanditseffectonhospitalrevenue.jpg

The acute shortage of general surgeons is evident in the Occupational Outlook Handbook of the Bureau of Labor Statistics which states that only 5% of physicians were general surgeons in the year 2007, and the situation has not improved since. In fact, the shortage of general surgeons is getting worse and is projected to worsen in the future. The role of a general surgeon cannot be underestimated in a country where the population is increasing and millions more are receiving health insurance due to the reforms. The population of the country is estimated to grow by more than 30 million by the year 2020 and the country’s baby boomer population and the population of old people would be very high. This would certainly put humungous pressure on general surgeons and have manifold consequences for general surgeons as well as for the health industry. A hospital revenue bond is a type of municipal bond that finances the construction of new facilities or upgrades for existing hospitals.

The problems of general surgeons don’t just stop at the shortage and the endless work hours but extend to many challenges that are unique to this specialty. In rural areas as well there is a higher shortage of general surgeons. An article in the Archives of Surgery called The Increasing Workload of General Surgery gives some facts about the future of this specialty. According to the article, the workload of general surgeons will increase by 31.5% between 2000 and 2020 with the amount of workload growth varying among the five different types of surgeries that are taken into account from 19.9% to 40.3%. Hospital revenue is the money that a medical center generates from operations.

We apply our General Surgery Billing and Coding Services to Improve Coding Guidelines and Reduce Denials.

This increasing workload is affecting hospital emergency rooms the hardest since most surgeries are performed in bigger hospitals and also due to the fact that general surgeons usually determine whether or not to operate on a patient in emergency rooms. This increased demand and shortened supply of general surgeons would not only cause detrimental health consequences for the general populace in the future but also cause huge financial damage to almost all entities involved in the healthcare system.

To learn more about the Shortage of General Surgeons and its Effect on Hospital Revenue, click here: https://bit.ly/3J72rx4 Contact us at info@medicalbillersandcoders.com888-357-3226.

Comments

Popular posts from this blog

Streamlining Telehealth Billing: What Features Do Physicians Need in 2024?

How to Reduce Days in A/R with Smart Denial Management Strategies

What are the most common mistakes In-House people make with medical bills?