decisionhealth Newsletters, Coder Pink Sheets - 2008 Issue 1 (January)
Analyze how Medicare fee changes impact your various specialties
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Article Overview
This article is for physician practices, coders, billers, and practice managers who need to understand how Medicare fee schedule updates can affect revenue across different specialties. It covers a step-by-step approach to estimating payment changes using Medicare fee schedule data, RVUs, geographic practice cost indices, and conversion factor comparisons, along with broader factors that can influence specialty revenue.
Why This Topic Matters
Medicare fee updates can create uncertainty for practice budgeting and revenue planning, especially when temporary legislative changes affect the final payment outlook. The article helps readers assess potential financial impact by specialty and understand the general categories of data needed for forward-looking analysis.
Article Sections
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Introduction
Overview of the payment environment and why practices may need to evaluate Medicare fee changes across multiple specialties.
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Specialties and other factors affected by fee changes
Discussion of specialty groups that may be affected and mention of additional fee schedule factors that can influence practice revenue.
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The five-step formula
A procedural outline for analyzing fee schedule impacts using Medicare data, with emphasis on preparing calculations for specialty practices.
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Medicares 2008 fees: Key figures and calculations
Summary of key Medicare fee schedule figures for 2008 and a general description of the calculation framework used to estimate allowable amounts.
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Resource
Reference to a CMS source for downloading related fee schedule and geographic adjustment files.
What You Will Learn
- How Medicare fee schedule changes can affect different medical specialties
- How to evaluate payment impact using Medicare fee schedule data
- How geographic adjustment data fits into fee analysis
- How conversion factor changes can alter projected reimbursement
- How to use Medicare fee schedule resources for budgeting and planning
Who Should Read This
- Physician practice managers
- Medical coders
- Medical billers
- Revenue cycle staff
- Specialty practice administrators
- Healthcare financial analysts
Codes Discussed
Modifiers Discussed
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