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How Value-Based Care is Changing Medical Billing

Medisys Compliance

Programs like MIPS (Merit-based Incentive Payment System), APMs (Advanced Alternative Payment Models), HEDIS (Healthcare Effectiveness Data and Information Set), and MACRA (Medicare Access and CHIP Reauthorization Act), each with specific metrics and reporting requirements, directly impact billing and reimbursements.

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3 Key Wound Care Billing Updates for 2024

Medisys Compliance

Staying informed about new and revised CPT codes is essential for accurate coding and billing of wound care services. Providers should consult the latest CPT manual and coding resources to ensure they are using the correct codes for their services. Feeling overwhelmed by the latest wound care billing updates?

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Revised Updates for Renal Dialysis Billing

Medisys Compliance

Proposed ESRD Payment System. This rule also proposes an update to the Acute Kidney Injury (AKI) dialysis payment rate for renal dialysis services furnished by ESRD facilities for calendar year (CY) 2023.

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The Impact of MACRA on Cardiology Billing

Medisys Compliance

MACRA replaced the previously used Sustainable Growth Rate (SGR) formula for Medicare physician payments. Advanced Alternative Payment Models (APMs): These models encourage collaboration between providers and offer the potential for higher shared savings if specific quality and cost goals are met.

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Recent Changes in Medicare/Medicaid Billing for Behavioral Health

Medisys Compliance

Behavioral health providers must ensure that their documentation supports the services billed and meets Medicare and Medicaid requirements. For those needing assistance navigating these changes, Medisys offers specialized billing services to help behavioral health providers manage their billing efficiently and effectively.

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Maximizing Reimbursement for Wound Care: A Guide to Higher Revenue

Medisys Compliance

Regular Audits and Reviews: Regularly audit your billing practices to identify any coding inconsistencies or missed opportunities. Understanding Reimbursement Models Outpatient Prospective Payment System (OPPS): This model assigns Ambulatory Payment Classifications (APCs) to specific wound care procedures, determining the reimbursement rate.

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Understanding 3-Day Payment Window for Outpatient Billing

Medisys Compliance

Non-diagnostic services include any non-diagnostic service that’s clinically related to the reason for a patient’s inpatient admission, regardless of whether the inpatient and outpatient diagnoses are the same. If the admitting hospital is a Critical Access Hospitals (CAHs), the payment window policy doesn’t apply.