Uploaded on Jan 15, 2021
Simplified anesthesia medical billing processes and transparent reporting for higher claims acceptance and better revenue cycle
Proactive Anesthesia Billing Tips to Maximize Revenue
Proactive Anesthesia
Billing Tips to
Maximize Revenue
MGSI LLC – Medical Billing Company
TABLE OF CONTENTS
01 02
Anesthesia Billing Accurate Documentation
03 04
Anesthesia Billing and Anesthesia Billing and
Coding Guidelines Coding Tips
MGSI LLC – Medical Billing Company
Anesthesia Billing
Anesthesia billing has ever been more complicating and daunting
unlike billing for other medical specialties.
Attaining maximized revenue for Anesthesia billing is possible only if
each and every member right from the physician to the biller and coders
involved in handling the medical report work productively, keeping in
mind the nuances of Anesthesia billing.
Even a simple error or a slip in following the standard work protocol may
result in hefty revenue loss. Having a streamlined work flow protocol
helps at greater extent to conform qualitative Anesthesia billing to
maximized revenue flow.
Listed below are few steps to proactively optimize Anesthesia Billing to
enhance your profits
MGSI LLC – Medical Billing Company
Accuracy is of paramount
importance in every niche of the
Accurate healthcare and medical billing
Documentation process. Accuracy in clinical
documentation of Anesthesia
billing marks significant changes
in medical billing and coding,
which ultimately enhances
reimbursement percentage.
MGSI LLC – Medical Billing Company
Anesthesia Billing and Coding Guidelines
Profound knowledge in Anesthesia Billing and
Coding guidelines aids in avoiding thoughtless slip ups
resulting in maximized reimbursement for the claims.
Insurance Company policies and Medical billing and coding
guidelines are set for regular changes to cope up with the
inevitable upgrades and improvements in the healthcare
industry.
Keeping up with the recent policy updates and guidelines
assist Medical billers and Coders to submit quality claims
reflecting higher revenue flow.
MGSI LLC – Medical Billing Company
Anesthesia Billing and Coding Tips
The American Association of Anesthesiologists (ASA) and Center for Medicare
and Medicaid Services (CMS) has regulated certain specific coding and billing
guidelines listed below to be followed when billing for Anesthesia.
Reporting Accurate base and time units: Calculating the base unit and
entering the numeric value to Anesthesia procedural codes and reporting time
spent on the procedure by minutes is crucial.
6
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Reporting Start and Stop time: Documenting and reporting the start and stop
time of the procedure is mandate and coders are required to follow specific
insurance company’s guidelines and CMS rules to calculate time units.
Coding Multiple Procedures: Some ASA codes includes multiple areas, these
codes have higher base value. Coders are required to use these codes to report
procedure on multiple areas and bill with higher base value for maximized
reimbursement.
7
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Appending corresponding Modifies: Modifiers provide additional information
on the procedural coder. CPT codes should be reported with appropriate
modifiers.
Coding CPT and HCPCS Codes: Accurate and detailed coding of appropriate
procedural coders (CPT), HCPCS, modifiers and ICD-10 CM provides clear
information on the procedure performed, detailed coding explains how and why
the procedure was handled, making it easier for first pass rate.
8
MGSI LLC – Medical Billing Company
Coding Qualifying Circumstances: Qualifying circumstances are medical
conditions that impact the administration of anesthesia service. Documenting
and Coding Qualifying Circumstances increases the reimbursement rate of the
claim.
While diligently following all these guidelines and regulations can help increase
your cash flow, it can be cumbersome to handle them effectively while still
keeping up with the ongoing updates and changes. However outsourcing your
Anesthesia billing to an experienced medical billing company can reduce
denials, low payments, rejections and entitle you for higher reimbursement.
9
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About MGSI
MGSI is a leading provider of medical billing services providing
complete Anesthesia RCM solutions to over 600 physicians clients
on the whole across the US. MGSI is a multi – specialty
medical billing company and Anesthesia is one of our top area of
expertise. To know more about our services and about MGSI’s
Anesthesia billing log in to www.mgsionline.com.
MGSI LLC – Medical Billing Company
Want to Know More About us?
Call us: 877-896-6474
CONTACT
Email us: [email protected]
Visit us: www.mgsionline.com
MGSI LLC – Medical Billing Company
THANKS!
MGSI LLC – Medical Billing Company
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