25 Apr Anesthesia Billing: the Big Leagues of Medical Billing and Coding
Anesthesia is one of the most difficult and complex medical specialties to bill for because of its exacting compliance requirements and highly specialized coding. Insurance claims in the Anesthesia specialty require exceptional levels of expertise in order to avoid denials, time-consuming resubmissions, and significant revenue loss.
Call Medical Sales
A Quick Anesthesia Billing Workshop
Read the info. Take the quiz. Make a change.
Take a minute to look at these basics for anesthesia billing and coding, plus some additional areas that have to be addressed correctly in order to facilitate clean claims. Then check out the benchmarks and see how your practice is measuring up.
The Building Blocks of Anesthesia Billing
Additional Basics of Anesthesia Billing
A report of time spent on the procedure by the minute
Multiple Procedure Codes
Some ASA codes contain multiple areas, and have a higher base value — essential for medical coders to know for maximized reimbursement
Medical Coding Qualifying Circumstance
Coding and qualifying circumstances that impact the administration of an anesthesia service — increasing the reimbursement rate of the claim
Also Super-important to Keep Current
The A+ Anesthesia Report Card
Average Days in AR
Best Practice: <40
Net Collection Rate
Best Practice: >96%
Aged AR% over 120
Best Practice: <12-15%
Best Practice: <3-5%
Days from TOS to Billing
Best Practice: <5 Days
Claims Paid in <45 Days
Best Practice: 85-90%
Results are Everything
If your results aren’t measuring up, consider talking to Medusind. Our industry-leading technology, working in concert with our team of experienced Anesthesia billing experts, help practices significantly reduce A/R balances, increase revenue, improve efficiency, and lower overhead costs.
Medusind provides real-time metrics, customizable dashboards, and a dedicated account team that’s always available to answer questions and help solve issues whenever they arise.
Find out more about Medusind’s Anesthesia billing, and help your practice perform at its best.