Uploaded on Nov 8, 2021
Read this guide for Billing and Coding of Medicare Fee-for-Service Claims. Connect with us +1 888-502-0537 for more info.
Billing and Coding of Medicare Fee-for-Service Claims
Billing and Coding o f M e d icare Fee-for-Service
Claims
https://www.247medicalbillingservices.com | +1 888-502-0537
Billing and Coding of Medicare Fee-for-Service
Claims
Fee for service (FFS) is a traditional payment model in healthcare.
With this model, the healthcare providers and clinicians are reimbursed
based on the various services they provide or their procedures.
FFS model doesn't include bundled payments. This suggests that the
insurance companies or the government agencies are billed for each
test, procedure, and treatment provided whenever a patient visits the
healthcare provider, has a consultation, or is hospitalized. This
payment method offers physicians for the volume and quantity of
services provided, no matter what the outcome is.
Read more…
https://www.247medicalbillingservices.com | +1 888-502-0537
Billing and Coding of Medicare Fee-for-Service
Claims
What Is the Fee for Service Health Plan?
Before the value-based care initiative was introduced, the fee-for-
service health plan was the primary health care insurance. Also known
as indemnity plans, the FFS coverage is costlier; but, a fee-for-service
health plan offers end-to-end independence and flexibility to those
who can afford it.
With FFS, clients can freely choose their doctors and hospitals, with
less interaction with the insurance provider. A fee for a service health
plan demands more expenses as clients may need to pay their
medical fees upfront and submit bills for reimbursement.
Billing and coding Medicare Fee-for-Service claims
Since the inception of telehealth during the COVID-19 pandemic,
more Medicare Fee-for-Services are billable. We recommend you go
through the updated guide to billing and coding FFS telehealth
claims.
https://www.247medicalbillingservices.com | +1 888-502-0537
Billing and Coding of Medicare Fee-for-Service
Claims
Conclusion:
Finally, what if the Medicare beneficiary’s originating site address
had NOT met HRSA’s guidelines?
Then you bill the same, except with a GY modifier.
The GY tells the Medicare Administrative Carrier (MAC) that the
service was statutorily excluded and to not pay the practitioner.
Well, we can talk more on
billing and coding of Medicare fee-for-service claims but this
article is meant to give you a basic idea. We are open to discussing
many things over a call or helping you with your Medicare fee-for-
service claim requirement for your practice.
https://www.247medicalbillingservices.com | +1 888-502-0537
Billing and Coding of Medicare Fee-for-Service
Claims
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing
service provider catering services to more than 43 specialties across
the entire 50 states. You can rely on us for end-to-end revenue cycle
management. We guarantee up to 10-20% increase in the revenue
with cost reduction of your practice for up to 50%.
Media Contact:
Hari Sudan,
24/7 Medical Billing Services,
16192 Coastal Hwy, Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
https://www.247medicalbillingservices.com | +1 888-502-0537
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